Memphis-area home sales for April rose 15.3 percent from a year ago, with 1,166 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales dropped 9 percent from March. Average sales price year-over-year was down 2.4 percent at $117,101. Inventory was up 3.8 percent, with 7,158 units listed for sale. Sales volume YTD increased 16.7 percent to $503.5 million.
“It was a much better April than a year ago, all across the board,” said MAAR President Carol Lott. “Even better, sales are up almost 20 percent year-over-year.”
Source: Memphis Area Association of Realtors