Memphis-area home sales for February were flat from a year ago, with 934 total sales recorded in the Memphis Area Association of Realtors MAARdata property records database. Total sales year-to-date were up 22 percent. Average sales price year-over-year rose 14.7 percent at $117,016. Inventory was flat, with 6,147 units listed for sale. Sales volume YTD increased 36.8 percent to $267 million.
“The first two months of the year have been very solid,” said MAAR President Regina Hubbard. “We are up 22 percent in total sales and almost 37 percent in sales volume.”
Source: Memphis Area Association of Realtors