September home sales increased by 8% from last year. 1,535 sales were recorded for the month compared to 1,421 last year. Average sales price was up 3% to $160,607. Year to date home sales are up 6%. Average sales price is up 3% from last year. 20 of 33 zip codes in the county had an increase in overall sales for the month and 20 zip codes saw increases in average sales prices. Home sales over $500,000 were the same as last year with 42 for the month. Home sales valued over $1 million were up 33%.

Home Sales by Municipality

Municipality

No. of Sales

Average Prices

Arlington

3%

6%

Bartlett

22%

6%

Collierville

16%

1%

Germantown

-8%

-9%

Lakeland

-14%

-26%

Memphis

9%

8%

Millington

0%

-13%

Unincorporated

3%

15%

 

Be sure to contact Melissa Thompson, Your Key to Memphis Team with Crye-Leike for all of your Real Estate needs – 901-729-9443 or [email protected].

www.yourkeytomemphis.com