Prices rise, sales increase for Memphis-area homes

By , Special to The Daily Memphian Updated: December 08, 2020 6:05 PM CT | Published: December 08, 2020 6:05 PM CT

The average price of a house sold in Shelby, Fayette and Tipton counties during November was $217,080, up 10.7% from a year earlier. But the number of houses for sale continues to shrink.


Memphis Area Association of Realtors residential real estate
Tom Bailey

Tom 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.


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