MEMPHIS, Tenn., June 9, 2025 – Memphis-area home sales for May increased 1.6 percent from a year ago, with 1,435 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 26.8 percent from April, when there were 1,132 total sales. The average sales price from May-to-May decreased 4.4 percent, at $273,685. Inventory increased 4.8 percent, with 4,231 units listed for sale. May average DOM was 48, a 5.9 percent decrease from the previous month. Sales volume YTD decreased 8.5 percent, to $1.50 billion.
May Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
1,435 | 1,412 | +1.6% |
Median Sales Price |
$213,900 | $229,950 | -7.0% |
Average Sales Price |
$273,685 | $286,167 | -4.4% |
Monthly Sales Volume |
$392.7 million | $404.1 million | -2.8% |
Year-to-Date Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
5,918 | 6,412 | -7.7% |
Median Sales Price |
$210,000 | $200,250 | +4.9% |
Average Sales Price |
$261,591 | $255,627 | +2.3% |
Monthly Sales Volume |
$1.50 billion | $1.64 billion | -8.5% |
“Sales made a major jump from April, almost 27 percent,” said MAAR President Greg Renfrow. “With inventory now over 4,200, buyers have a lot of choices.”
Historical home sale statistics are also available for comparison.