MEMPHIS, Tenn., Aug. 12, 2025 – Memphis-area home sales for July decreased 8.2 percent from a year ago, with 1,341 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 15.9 percent from June, when there were 1,595 total sales. The average sales price from July-to-July increased 4.0 percent, to $297,521. Inventory increased 1.8 percent, with 4,601 units listed for sale. July average DOM was 46, a 7.0 percent increase from the previous month. Sales volume YTD decreased 4.0 percent, to $2.43 billion.
July Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
1,341 | 1,460 | -8.2% |
Median Sales Price |
$239,000 | $230,000 | +3.9% |
Average Sales Price |
$297,521 | $285,981 | +4.0% |
Monthly Sales Volume |
$399.0 million | $417.5 million | -4.4% |
Year-to-Date Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
8,859 | 9,452 | -6.3% |
Median Sales Price |
$222,000 | $210,000 | +5.7% |
Average Sales Price |
$273,755 | $267,283 | +2.4% |
Monthly Sales Volume |
$2.43 billion | $2.53 billion | -4.0% |
“We are past the spring rush, there is ample inventory, and so buyers have opportunities,” said MAAR President Greg Renfrow. “But the market is balanced because average sales price was up 4 percent in July, so sellers are still getting good return.”
Historical home sale statistics are also available for comparison.