Final MLS Report of 2021 Released

High Pricing Holds Despite the Winter Period

 Memphis-Area Market, MLS Sales Reports

Published Friday, January 21, 2022
 

The Multiple Listing Service sales report showed pending sales at 1,242 as of January 19, down 7.5 percent from mid-December. Active listings stood at 1,882 down 13.1 percent from a month earlier.

Other numbers of note:

  • Average sales price for December was $307,432 up 22.6 percent from a year ago.
  • Median sales price for December was $265,000, up 19.9 percent from a year ago.
  • The average market time in December was 33 days, up 10 percent from a month earlier.
  • There were 822 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 183 sales of $500,000 or more, up 16.6 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.