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.

Topics

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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