June was down overall in the Memphis market, but as for our team we were up. My team has closed 71 homes this year. The market had 1688 sales recorded compared to 1784 sales recorded in 2015. Average home sales prices were up 9% from last year. Year-to-date home sales are up 9% and home sale revenue is up 10% from the same period in 2015. 14 out of 33 zip codes had an increase in overall sales activity for the month and 27 zip codes saw an increase in average sales prices. Home sales over $500,000 were down 3% from last year with 61 recorded for the month. Home sales over 1 million are up 400% from June 2015. In fact, we had one in Central Gardens we closed.

Look in the chart below to see where your home falls.

Municipality

No. of Sales 

  Average  Prices

Arlington

56%

0%

Bartlett

0%

5%

Collierville

-14%

4%

Germantown

10%

12%

Lakeland

5%

5%

Memphis

-10%

10%

Millington

38%

14%

Unincorporated

1%

13%

 

Please contact The Melissa Thompson, Your Key to Memphis Team with Crye-Leike for all of your Real Estate needs - 901-729-9526 or [email protected]