MEMPHIS, Tenn., May 11, 2026 – Memphis-area home sales for April decreased 5.0 percent from a year ago, with 1,082 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 10.3 percent from March, when there were 1,206 total sales. The average sales price from April-to-April increased 2.2 percent, to $275,263. Inventory increased 6.3 percent, with 4,689 units listed for sale. April average DOM was 60, down 10.4 percent from the previous month. Sales volume YTD decreased 6.9 percent, to $1.08 billion.
April Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
1,082 | 1,139 | -5% |
Median Sales Price |
$220,500 | $219,900 | +0.3% |
Average Sales Price |
$275,263 | $269,381 | +2.2% |
Monthly Sales Volume |
$297.8 million | $306.8 million | -2.9% |
Year-to-Date Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
4,067 | 4,495 | -9.5% |
Median Sales Price |
$215,000 | $210,000 | +2.4% |
Average Sales Price |
$264,988 | $258,017 | +2.7% |
Monthly Sales Volume |
$1.08 billion | $1.16 billion | -6.9% |
“Days on the market dropped 10 percent; that’s good for sellers,” said MAAR President Tim O’Hare. “Yet there is enough inventory for buyers to have choices.”
Historical home sale statistics are also available for comparison.