MEMPHIS, Tenn., Dec. 8, 2025 – Memphis-area home sales for November decreased 14.8 percent from a year ago, with 983 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 20.3 percent from October, when there were 1,234 total sales. The average sales price from November to November increased 4.6 percent, to $272,414. Inventory decreased 4.1 percent, with 4,462 units listed for sale. November average DOM was 55, a 1.9 percent increase from the previous month. Sales volume YTD decreased 2.6 percent, to $3.82 billion.
November Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
983 | 1,154 | -14.8% |
Median Sales Price |
$226,500 | $210,000 | +7.9% |
Average Sales Price |
$272,414 | $260,528 | +4.6% |
Monthly Sales Volume |
$267.8 million | $300.6 million | -10.9% |
Year-to-Date Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
13,887 | 14,571 | -4.7% |
Median Sales Price |
$223,500 | $210,000 | +6.4% |
Average Sales Price |
$274,747 | $269,086 | +2.1% |
Monthly Sales Volume |
$3.82 billion | $3.92 billion | -2.6% |
“Things slowed down a little bit, but that’s not unusual this time of year,” said MAAR President Greg Renfrow. “DOM (days on market) and inventory held steady.”
Historical home sale statistics are also available for comparison.