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Memphis & Shelby County 2014 Year-End Home Sales

January 12th, 2015 Comments off

2014 home sales totals for Memphis and Shelby County were down slightly from 2013 with 15,700 recorded for the year compared to 15,894 recorded last year. The major decline in bank sales (down 26%) resulted in total home sales having a slight decrease of 1% from 2013.

Average sales prices continue to improve and were up 5% to $145,028 compared to $138,115 in 2013 resulting in a 4% increase in total sales volume from last year with $2.3B recorded for the year compared to $2.2B recorded in 2013.

12 out of 33 zip codes in the county had an increase in overall sales activity and 79% of zip codes saw an increase in average sales prices.

The median sales price was $107,050, up 9% from $98,000 in 2013.

Click here to download our annual “Residential Sales by Zip Code” report for a complete analysis of home sales activity by zip code.