Active Listings Increased in the MLS

Pending Listings Took a Dip

 Memphis-Area Market, MLS Sales Reports

Published Tuesday, August 16, 2022
 

The Multiple Listing Service sales report showed pending sales at 1,349 as of August 15, down 4.7 percent from the last report. Active listings stood at 2,871, up 1.1 percent from the previous report.

Other numbers of note:

  • Average sales price for July was $302,974 up 6.3 percent from a year ago.
  • Median sales price for July was $270,000, up 8.0 percent from a year ago.
  • The average market time in July was 29 days, a 26.1 percent increase from a month earlier.
  • There were 834 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 156 sales of $500,000 or more, down 29.7 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.