Memphis area homes for sale down 4.8% to 6190 homes for sale

As expected, the latest housing report showed inventory at 6,190 on Dec.  16, down 4.8 percent from a month earlier.
The average days on market in November rose 15 percent to 92 days and existing home sales fell 15.9 percent to 1089 total sales.  The average sales price was $144,608.

In Germantown, TN 40 homes sold with an average sales price of $362,408.  One home was sold in Germantown, TN over the million dollar mark and Devonshire Gardens boasted the highest average price of $725,000.00.

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