Memphis and Shelby County sales were up 13% in June with 1,792 sales recorded for the month compared to 1,586 last June. Average sales prices were up 2% to $164,669 compared to $161,725 last June. Median sales price was up 3% from last year to $125,000. Year-to-date home sales up to 3% from last year and total home sales revenue is up 7%.

21 of 33 zip codes in the county had an increase in overall sales activity for the month and 24 zip codes saw increases in average sales prices. Collierville and Germantown were the only municipalities to record fewer sales this month compared to last June. Home sales in all other municipalities, including the city of Memphis and unincorporated areas were all up over 5% from last year.

Collierville had the most sales for the month with 151 recorded with an average sales price of $326,246. Central Gardens and East Memphis had 6 home sales for the month with an average sales price of $386,004. Germantown East (38139) had the highest average sales price of $381,852 across 42 sales. Home sales over $500,000 were up 28% from last June. Home sales over $1 million were down 50%.

If you are interested in selling your home or are interested in buying a home; please feel free to contact me at 901-230-2610 or 901-756-8900. You can email me at [email protected]. Be sure to visit for all of your real estate needs.