Market Reports, Memphis-Area Market

Published Tuesday, September 8, 2026 8:00 amby MAAR Communications

MEMPHIS, Tenn., Sept. 8, 2026 – Memphis-area home sales for August decreased 6.6 percent from a year ago, with 1,254 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 8.0 percent from July, when there were 1,363 total sales. The average sales price from August-to-August increased 11.3 percent, to $300,644. Inventory decreased 2.6 percent, with 5,056 units listed for sale. August average DOM was 56, down 1.7 percent from the previous month. Sales volume YTD decreased 2.1 percent, to $2.74 billion. 

 “Average sales price was up 11 percent from August of last year,” said MAAR President Tim O’Hare. “But there is enough inventory for buyers to have leverage, too.”