Active Listings See a Slight Boost

Per the February MLS Report

 Memphis-Area Market, MLS Sales Reports

Published Monday, March 15, 2021
 

The Multiple Listing Service sales report showed pending sales at 1,349 as of March 15, down 10.3 percent from mid-February. Active listings stood at 1,990, up 0.7 percent from a month earlier.

Other numbers of note:

  • Average sales price for February was $242,560, up 11.7 percent from a year ago.
  • Median sales price for February was $207,260, up 13.6 percent from a year ago.
  • The average market time in February was 42 days, down 2.3 percent from a month earlier.
  • At the upper end of the market, there were 70 sales of $500,000 or more, down 11.4 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.