MEMPHIS, Tenn., June 9, 2026 – Memphis-area home sales for May decreased 3.7 percent from a year ago, with 1,385 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 28 percent from April, when there were 1,082 total sales. The average sales price from May-to-May increased 6.6 percent, to $291,584. Inventory increased 6 percent, with 4,970 units listed for sale. May average DOM was 52, down 13.3 percent from the previous month. Sales volume YTD decreased 4.5 percent, to $1.48 billion.
May Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
1,385 | 1,438 | -3.7% |
Median Sales Price |
$232,000 | $213,900 | +8.5% |
Average Sales Price |
$291,584 | $273,586 | +6.6% |
Monthly Sales Volume |
$403.8 million | $393.4 million | +2.6% |
Year-to-Date Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
5,452 | 5,933 | -8.1% |
Median Sales Price |
$220,000 | $210,000 | +4.8% |
Average Sales Price |
$271,791 | $261,790 | +3.8% |
Monthly Sales Volume |
$1.48 billion | $1.55 billion | -4.5% |
“Sales took a big jump from April, up 28 percent,” said MAAR President Tim O’Hare. “And days on market dropped more than 13 percent, so May was very active.”
Historical home sale statistics are also available for comparison.