Memphis Area Market Report
April 2025 saw an 8.3% jump in pending sales
Inventory also increased, alluding to upcoming market activity.
Market Reports, Memphis-Area Market
Published Monday, May 12, 2025 8:00 amby MAAR Communications
MEMPHIS, Tenn., May 12, 2025 – Memphis-area home sales for April decreased 18.3 percent from a year ago, with 1,132 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 7.5 percent from March, when there were 1,224 total sales. The average sales price from April-to-April increased 1.9 percent, at $268,819. Inventory increased 5.9 percent, with 4,037 units listed for sale. April average DOM was 51, a 16.4 percent decrease from the previous month. Sales volume YTD decreased 6.5 percent, to $1.23 billion.
“Sales were higher in April 2024, but there was an 8.3 percent jump in pending sales at the close of the month,” said MAAR President Greg Renfrow. “Inventory increased in April while DOM dropped, suggesting more activity to come.”
Median and average sales prices were up from March 2024.
Market Reports, Memphis-Area Market
Published Monday, April 14, 2025 8:00 amby MAAR Communications
MEMPHIS, Tenn., April 14, 2025 – Memphis-area home sales for March decreased 1.5 percent from a year ago, with 1,224 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 27.6 percent from February, when there were 959 total sales. The average sales price from March-to-March increased 5.7 percent, at $270,916. Inventory increased 4.8 percent, with 3,811 units listed for sale. March average DOM was 61, an 8.9 percent increase from the previous month. Sales volume YTD decreased 2.3 percent, to $849.6 million. “March total sales were up almost 30 percent from February,” said MAAR President Greg Renfrow. “So, the market is getting a lot more active as we go into spring.”