The Multiple Listing Service sales report showed pending sales at 963 as of August 25, down 2.3 percent from late July. Active listings stood at 3,311, down 3.9 percent from a month earlier.
Other numbers of note:
- Average sales price for July was $325,643, up 7.5 percent from a year ago.
- Median sales price for July was $279,950, up 3.7 percent from a year ago.
- The average market time in July was 42 days, down 2.3 percent from a month earlier.
- There were 626 sales of units that were on the market for 30 days or less.
- At the upper end of the market, there were 180 sales of $500,000 or more, down 13 percent from a month earlier.
Prepared for maar.org by Don Wade, 901.485.1653.