MEMPHIS, TN – April 8, 2013 – (RealEstateRama) — Memphis-area home sales for March dropped 9.8 percent from a year ago, with 1,164 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales increased 24.6 percent from February. Average sales price year-over-year rose 8.8 percent at $133,240. Inventory was up 2.9 percent, with 6,327 units listed for sale. Sales volume YTD increased 18.1 percent to $422.8 million
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