Active Listings Down in Mid-September

Per the September MLS Report

 Memphis-Area Market, MLS Sales Reports

Published Friday, October 16, 2020
 

The Multiple Listing Service sales report showed pending sales at 1,463 as of October 16, up 0.3 percent from mid-September. Active listings stood at 2,805, down 2.0 percent from a month earlier.

Other numbers of note:

  • Average sales price for September was $268,190, up 27.1 percent from a year ago.
  • Median sales price for September was $237,490, up 32.0 percent from a year ago.
  • The average market time in September was 43 days, down 17.3 percent from a month earlier.
  • There were 827 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 120 sales of $500,000 or more, down 3.2 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.