Memphis Area Market Report
Ice storm impacts January home sales
Sales decreased 34.5% compared to 2024.
Market Reports, Memphis-Area Market
Published Wednesday, February 11, 2026 8:00 amby MAAR Communications
MEMPHIS, Tenn., Feb. 11, 2026 – Memphis-area home sales for January decreased 34.5 percent from a year ago, with 765 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 33.7 percent from December, when there were 1,154 total sales. The average sales price from January to January decreased 5.5 percent, to $236,238. Inventory decreased 1.7 percent, with 4,007 units listed for sale. January average DOM was 64, a 14.3 percent increase from the previous month. Sales volume YTD decreased 38.1 percent, to $180.7 million.
“The ice storm had a major impact on business for everyone,” said MAAR President Tim O’Hare. “January is slow anyway, but people could not get out and that just stopped everything.”
Median sales price and average sales price increased compared to 2024.
Market Reports, Memphis-Area Market
Published Monday, January 12, 2026 8:00 amby MAAR Communications
MEMPHIS, Tenn., Jan. 12, 2026 – Memphis-area home sales for December increased 2.5 percent from a year ago, with 1,154 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 17.4 percent from November, when there were 983 total sales. The average sales price from December to December increased 9.5 percent, to $274,534. Inventory decreased 8.6 percent, with 4,078 units listed for sale. December average DOM was 56, a 1.8 percent increase from the previous month. Sales volume YTD decreased 1.7 percent, to $4.13 billion. “It was a pretty strong December, with the metrics up across the board compared to 2024,” said MAAR’s 2025 President Greg Renfrow. “For the year, median sales price rose 6.8 percent, and average sales price 2.1 percent.”