Memphis Realtors sold more houses during year of COVID-19 than in 2019
The number of houses sold in December rose 10.7 percent compared to a year earlier. And for the entire pandemic-plagued year of 2020, house sales still climbed slightly.
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The number of houses sold in December rose 10.7 percent compared to a year earlier. And for the entire pandemic-plagued year of 2020, house sales still climbed slightly.
Neither COVID-19 nor the shrinking number of houses on the market prevented home sales in the Memphis area from rising 6.4% in October.
The number of February home sales in the Memphis area rose 3 percent from February 2019, but the number of houses for sale – already persistently low for years – fell another 13.5 percent from a year ago, according to the Memphis Area Association of Realtors.
Spencer Shadrach plans to sell the home for $230,000 to $250,000, while the average home sale price in the neighborhood the last two years is $50,278.
Shelby County's suburban cities and towns have recorded fewer home sales in 2019's sellers' market, although Millington and Lakeland could beat last year's sale numbers.
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