Memphis Area Market Report

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Market Reports, Memphis-Area Market

Published Wednesday, September 10, 2025 8:00 amby MAAR Communications

MEMPHIS, Tenn., Sept. 10, 2025 – Memphis-area home sales for August decreased 8.5 percent from a year ago, with 1,342 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were flat from July, when there were 1,341 total sales. The average sales price from August-to-August decreased 0.6 percent, to $273,545. Inventory increased 0.8 percent, with 4,637 units listed for sale. August average DOM was 52, a 13 percent increase from the previous month. Sales volume YTD decreased 4.4 percent, to $2.80 billion.  “The market remains pretty stable as summer draws to a close,” said MAAR President Greg Renfrow. “Buyers have choices and sellers need to have their homes move-in ready.” 

Total inventory continues to rise.

Market Reports, Memphis-Area Market

Published Tuesday, August 12, 2025 8:00 amby MAAR Communications

MEMPHIS, Tenn., Aug. 12, 2025 – Memphis-area home sales for July decreased 8.2 percent from a year ago, with 1,341 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 15.9 percent from June, when there were 1,595 total sales. The average sales price from July-to-July increased 4.0 percent, to $297,521. Inventory increased 1.8 percent, with 4,601 units listed for sale. July average DOM was 46, a 7.0 percent increase from the previous month. Sales volume YTD decreased 4.0 percent, to $2.43 billion. “We are past the spring rush, there is ample inventory, and so buyers have opportunities,” said MAAR President Greg Renfrow. “But the market is balanced because average sales price was up 4 percent in July, so sellers are still getting good return.” ”