MEMPHIS, Tenn., April 10, 2026 – Memphis-area home sales for March decreased 1.7 percent from a year ago, with 1,206 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 19.3 percent from February, when there were 1,011 total sales. The average sales price from March-to-March increased 1.9 percent, to $276,266. Inventory decreased 1.9 percent, with 4,410 units listed for sale. March average DOM was 67, the same as the previous month. Sales volume YTD decreased 8.6 percent, to $779.8 million.
March Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
1,206 | 1,227 | -1.7% |
Median Sales Price |
$223,000 | $225,000 | -0.9% |
Average Sales Price |
$276,266 | $271,181 | +1.9% |
Monthly Sales Volume |
$333.2 million | $332.7 million | +0.1% |
Year-to-Date Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
2,985 | 3,357 | -11.1% |
Median Sales Price |
$210,000 | $205,000 | +2.4% |
Average Sales Price |
$261,255 | $254,112 | +2.8% |
Monthly Sales Volume |
$779.8 million | $853.1 million | -8.6% |
“Sales took a nice step forward, up 19 percent from February,” said MAAR President Tim O’Hare. “DOM remained the same, inventory saw little change, so the market is pretty steady.”
Historical home sale statistics are also available for comparison.