Memphis Area Market Report
Home sales decreased compared to March 2026 and April 2025
Inventory increased by more than 6%.
Market Reports, Memphis-Area Market
Published Monday, May 11, 2026 8:00 amby MAAR Communications
MEMPHIS, Tenn., May 11, 2026 – Memphis-area home sales for April decreased 5.0 percent from a year ago, with 1,082 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 10.3 percent from March, when there were 1,206 total sales. The average sales price from April-to-April increased 2.2 percent, to $275,263. Inventory increased 6.3 percent, with 4,689 units listed for sale. April average DOM was 60, down 10.4 percent from the previous month. Sales volume YTD decreased 6.9 percent, to $1.08 billion. “Days on the market dropped 10 percent; that’s good for sellers,” said MAAR President Tim O’Hare. “Yet there is enough inventory for buyers to have choices.”