Home sales in the Memphis metro area have risen in May by 6.3 percent from April 2013, and at a rate of 1.6 percent from May 2012. The Memphis Area Association of Realtors has shared data which indicates that the total sales for early 2013 are higher than 2012, leading the average sales price to also gain momentum. Reports say that the average sales price rose 10.6 percent between April 2012 and April 2013, with the new average sales price coming in at just under $140,000.

The Memphis local movers have found that inventory is flat with about 6,400 properties for sale, and sales volume increased 18.9 percent to $825.6 million. The local industry insiders have shared that the Memphis market is in a good place and should continue to strengthen and grow. Summer should prove to be even more fruitful for the area.