Rise in Home Sales Over $500K

Per the March MLS Sales Report

 Memphis-Area Market, MLS Sales Reports

Published Friday, April 22, 2022

The Multiple Listing Service sales report showed pending sales at 1,516 as of April 20, up 0.6 percent from the last report. Active listings stood at 2,016, up 6.2 percent from the previous report.

Other numbers of note:

  • Average sales price for March was $303,726, up 13.8 percent from a year ago.
  • Median sales price for March was $269,000, up 19.6 percent from a year ago.
  • The average market time in March was 31 days, an 11.4 percent decrease from a month earlier.
  • There were 895 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 171 sales of $500,000 or more, up 72.7 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.