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Saturday, October 13, 2012

MAAR Releases September Market Report

Memphis-area home sales for September rose 17.1 percent from a year ago, with 1,287 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales decreased 15 percent from August. Average sales price year-over-year was up 1.6 percent at $128,971. Inventory declined 2.1 percent, with 7,392 units listed for sale. Sales volume YTD increased 17.6 percent to $1.46 billion.

“Average sales price for September topped $132,000 and was at almost $155,000 for non-bank sales,” said MAAR President Carol Lott. “That’s encouraging. Year-to-date we’re up in sales, pricing and sales volume.”

Source: Memphis Area Association of Realtors

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