June home sales strong, but year-to-date sales lag
Average sales price year-to-date grew 2.1% from $263,867 to $269,484 as monthly sales volume fell 5.2% from $2.11 billion to $2 billion. (Curtis Adams/Pexels)
Memphis-area home sales increased by nearly 1% in June compared to the same month a year ago, according to a report from the Memphis Area Association of Realtors.
MAAR’s monthly report also showed the 1,595 home sales in June marked an 11% increase from the 1,435 sales in May.
“Arlington, Bartlett, Cordova, Germantown and Collierville were all active submarkets,” MAAR President Greg Renfrow said.
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Dima Amro
Dima Amro is a native Memphian who covers commercial real estate and economic development for The Daily Memphian. She received her B.A. in journalism at the University of Memphis and M.A. in investigative journalism at American University.
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