Memphis-area home sales for August climbed 13.1 percent from a year ago, with 1,313 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales increased 1.9 percent from July when there were 1,289 sales. Average sales price year-over-year was up 2.6 percent and year-to-date was down 1.3 percent at $126,210. YTD total sales fell 13.2 percent. Inventory was down 1.5 percent, with 8,370 units listed for sale. YTD sales volume declined 14.1 percent to $1.1 billion.
Source: Memphis Area Association of Realtors