Memphis-area home sales for November increased 8.5 percent from a year ago, with 1,180 total sales recorded in MAARdata. Total sales decreased 13.9 percent from October. Average sales price year-over-year was up 6.2 percent at $128,339. Inventory declined 4.4 percent, with 6,805 units listed for sale. Sales volume YTD increased 19.3 percent to $1.79 billion.
Source: Memphis Area Association of Realtors
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