MEMPHIS, Tenn., Oct. 14, 2026 – Memphis-area home sales for September decreased 13.7 percent from a year ago, with 1,257 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were flat from August, when there were 1,254 total sales. The average sales price from September-to- September decreased 2.3 percent, to $278,235. Inventory decreased 2.9 percent, with 4,910 units listed for sale. September average DOM was 62, up 10.7 percent from the previous month. Sales volume YTD decreased 3.4 percent, to $3.10 billion.
September Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
1,257 | 1,456 | -13.7% |
Median Sales Price |
$225,000 | $230,000 | -2.2% |
Average Sales Price |
$278,235 | $284,881 | -2.3% |
Monthly Sales Volume |
$349.7 million | $414.8 million | -15.7% |
Year-to-Date Comparison
2026 |
2025 |
Percentage Change |
|
Total Home Sales |
10,807 | 11,675 | -7.4% |
Median Sales Price |
$230,000 | $225,000 | +2.2% |
Average Sales Price |
$286,474 | $275,361 | +4% |
Monthly Sales Volume |
$3.10 billion | $3.21 billion | -3.4% |
“Sales were flat from August,” said MAAR President Tim O’Hare. “Inventory showed another slight decline.”
Historical home sale statistics are also available for comparison.