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Prices Keep Rising in the MLS

Active Listings Dropped Slightly

 Memphis-Area Market, MLS Sales Reports

Published Monday, November 15, 2021
 

The Multiple Listing Service sales report showed pending sales at 1,489 as of November 15, up 0.4 percent from mid-October. Active listings stood at 2,348, down 1.5 percent from a month earlier.

Other numbers of note:

  • Average sales price for October was $287,375 up 5.1 percent from a year ago.
  • Median sales price for October was $254,722, up 10.7 percent from a year ago.
  • The average market time in October was 30 days, up 20 percent from a month earlier.
  • There were 857 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 151 sales of $500,000 or more, up 6.3 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.