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.” 

Market Reports, Memphis-Area Market

Published Friday, March 7, 2025 8:00 amby MAAR Communications

MEMPHIS, Tenn., March 7, 2025 – Memphis-area home sales for February decreased 9.4 percent from a year ago, with 959 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 17.4 percent from January, when there were 1,161 total sales. The average sales price from February-to-February went down 3.7 percent, at $236,899. Inventory increased 3.5 percent, with 3,635 units listed for sale. February average DOM was 56, a 3.4 percent decrease from the previous month. Sales volume YTD decreased 3.3 percent, to $518.1 million. “February was a slower month, and the snow did not help,” said MAAR President Greg Renfrow. “But inventory took another jump, so the market should be picking up.”