MEMPHIS, Tenn., July 9, 2025 – Memphis-area home sales for June increased 0.9 percent from a year ago, with 1,595 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 11.1 percent from May, when there were 1,435 total sales. The average sales price from June-to-June increased 0.4 percent, to $298,396. Inventory increased 6.8 percent, with 4,518 units listed for sale. June average DOM was 43, a 10.4 percent decrease from the previous month. Sales volume YTD decreased 5.2 percent, to $2.00 billion.
June Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
1,595 | 1,580 | +0.9% |
Median Sales Price |
$255,000 | $230,000 | +10.9% |
Average Sales Price |
$298,396 | $297,306 | +0.4% |
Monthly Sales Volume |
$476.0 million | $469.7 million | +1.3% |
Year-to-Date Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
7,516 | 7,992 | -6.0% |
Median Sales Price |
$220,000 | $209,000 | +5.3% |
Average Sales Price |
$269,484 | $263,867 | +2.1% |
Monthly Sales Volume |
$2.00 billion | $2.11 billion | -5.2% |
“We ticked up in sales and volume from June of last year,” said MAAR President Greg Renfrow. “Arlington, Bartlett, Cordova, Germantown and Collierville were all active submarkets.”
Historical home sale statistics are also available for comparison.