Market prices, however, remain on the rise with both average and median sales prices up over last year.
After a slight drop in August, home sales jumped back up in September, showing a positive and active market.
Market prices continued their month-over-month increase, per the latest MLS Sales Report. Read on to see the stats from August.
The August Market Report is out now. Sales took a dip from July, but the rise in inventory shows vibrancy in the market.
The MLS has been bustling. Prices remain up, while listings and days on market were down in mid-August.
The weather isn't the only thing that's hot! The market was on fire in July. See the stats from the July Market Report here.
Both median and average sales price were way up over last year. For a full picture of the MLS, read the report here.
Although sales dipped a little from May, the positive trend continues. The Memphis market is hot and shows no signs of slowing.