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Saturday, August 10, 2013

MAAR Releases July Market Report

Memphis-area home sales for July increased 22.5 percent from a year ago, with 1,714 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales were up 17.5 percent from June. Average sales price year-over-year rose 8.8 percent to $161,399. Inventory was up 2.6 percent with 6,744 units listed for sale. Sales volume YTD increased 21.8 percent to $1.34 billion. 

“Obviously, July was a strong month,” said MAAR President Regina Hubbard. “But even better, year-to-date Memphis-area home sales and pricing are up double-digits across the board.”

Source: Memphis Area Association of Realtors

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