Market Inventory On the Rise

Listing Data Shows a Busy Market

 Memphis-Area Market, MLS Sales Reports

Published Friday, April 16, 2021
 

The Multiple Listing Service sales report showed pending sales at 1,557 as of April 15, up 15.4 percent from mid-March. Active listings stood at 2,048, up 2.9 percent from a month earlier.

Other numbers of note:

  • Average sales price for March was $266,973, up 17.6 percent from a year ago.
  • Median sales price for March was $225,000, up 15.4 percent from a year ago.
  • The average market time in March was 47 days, up 11.9 percent from a month earlier.
  • There were 724 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 138 sales of $500,000 or more, up 74.7 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.