Median Sales Price Down by 1.5 Percent

Average Sales Price Increased by the Same Amount

 Memphis-Area Market, MLS Sales Reports

Published Wednesday, April 19, 2023
 

The Multiple Listing Service sales report showed pending sales at 954 as of April 18, up 0.5 percent from mid-March. Active listings stood at 2,975, up 6.1 percent from a month earlier.

Other numbers of note:

  • Average sales price for March was $308,290, up 1.5 percent from a year ago.
  • Median sales price for March was $265,000, down 1.5 percent from a year ago.
  • The average market time in March was 53 days, the same as a month earlier.
  • There were 562 sales of units that were on the market for 30 days or less.
  • At the upper end of the market, there were 146 sales of $500,000 or more, up 37.7 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.