Number of houses for sale rises, but by less than 1%
The number of homes for sale in the Memphis area rose by 16 in March, but remained below 2,000. The low supply continues to push sales prices up. (Tom Bailey/Daily Memphian)
The number of home sales rose 45% from February and nearly 13% from a year ago. But the stat that affects more people the most – the inventory of homes available for sale – remained low at 1,990.
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Memphis Area Association of Realtors residential real estateTom Bailey
Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.