While the market remains competitive, the drop in sales suggests rising interest rates may be having an impact on home buyers.
March was a good month for the Memphis-area market. Home sales were up over February 2022 and March 2021.
The latest statistics for the Memphis-area market are available. Read on for the full snapshot of the local real estate industry.
On a positive note, sales volume was up nearly 5 percent over January 2021. See the full numbers for January.
The Memphis market closed out 2021 with sales up over 13 percent and sales volume up nearly 27 percent.
The market saw a typical deceleration for this time of year, but the numbers remained positive.
The October Market Report is out. Strong numbers indicate a positive market as we enter the final quarter of 2021.
After a slight drop in August, home sales jumped back up in September, showing a positive and active market.