MEMPHIS, Tenn., Sept. 8, 2026 – Memphis-area home sales for August decreased 6.6 percent from a year ago, with 1,254 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 8.0 percent from July, when there were 1,363 total sales. The average sales price from August-to-August increased 11.3 percent, to $300,644. Inventory decreased 2.6 percent, with 5,056 units listed for sale. August average DOM was 56, down 1.7 percent from the previous month. Sales volume YTD decreased 2.1 percent, to $2.74 billion.
August Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
1,254 | 1,343 | -6.6% |
Median Sales Price |
$238,175 | $225,000 | +5.9% |
Average Sales Price |
$300,644 | $270,217 | +11.3% |
Monthly Sales Volume |
$377 million | $362.9 million | +3.6% |
Year-to-Date Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
9,562 | 10,224 | -6.5% |
Median Sales Price |
$230,000 | $223,000 | +3.1% |
Average Sales Price |
$287,477 | $273,708 | +5% |
Monthly Sales Volume |
$2.74 billion | $2.8 billion | -2.1% |
“Average sales price was up 11 percent from August of last year,” said MAAR President Tim O’Hare. “But there is enough inventory for buyers to have leverage, too.”
Historical home sale statistics are also available for comparison.