MEMPHIS, Tenn., March 10, 2026 – Memphis-area home sales for February increased 5.1 percent from a year ago, with 1,011 total sales recorded in the Memphis Area
Association of REALTORS® MAARdata property records database. Sales were up 32.2 percent from January, when there were 765 total sales. The average sales price from February to February increased 10.4 percent, to $262,128. Inventory increased 12.2 percent, with 4,496 units listed for sale. February average DOM was 67, a 4.7 percent increase from the previous month. Sales volume YTD decreased 14.1 percent, to $446.8 million.
February Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
1,011 | 962 | +5.1% |
Median Sales Price |
$210,000 | $185,000 | +13.5% |
Average Sales Price |
$262,128 | $237,336 | +10.4% |
Monthly Sales Volume |
$265.0 million | $228.3 million | +16.1% |
Year-to-Date Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
1,779 | 2,130 | -16.5% |
Median Sales Price |
$207,000 | $188,045 | +10.1% |
Average Sales Price |
$251,180 | $244,280 | +2.8% |
Monthly Sales Volume |
$446.8 million | $520.3 million | -14.1% |
“The market enjoyed a nice bounce back in February,” said MAAR President Tim O’Hare. “Sales and pricing were up across the board and inventory jumped as spring sellers entered the market.”
Historical home sale statistics are also available for comparison.