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MLS Report Shows Decrease in Sales

Listings Down from Last Month

 Memphis-Area Market, MLS Sales Reports

Published Monday, October 18, 2021
 

The Multiple Listing Service sales report showed pending sales at 1,483 as of October 17, down 4.5 percent from mid-September. Active listings stood at 2,384, down 5.7 percent from a month earlier.

Other numbers of note:

  • Average sales price for September was $276,758 up 3.2 percent from a year ago.
  • Median sales price for September was $245,000, up 3.2 percent from a year ago.
  • The average market time in September was 25 days, the same as a month earlier.
  • There were 994 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 142 sales of $500,000 or more, down 21.1 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.