New Weakness in Price Cuts for Memphis Real Estate Market

Sales in the Memphis market remained level with one home sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with one price reduction in the same time frame. The median sales price of all transactions in Memphis did not budge this week, remaining at $135,000. In spite of flat sales, a low three months of inventory signals that Memphis is a seller's market.

If you need more bedrooms, take a look at these homes in Memphis that offer more than other listings:

$195K   $149K   $269K  

Get started right now by checking out Memphis homes for sale or reviewing Memphis real estate trends.

Demographic facts for Memphis:

  • This area has a median house value of $86,400.
  • This area usually gets 138 rainy days each year. (U.S. average: 100)
  • This area has an unemployment rate of 9.5%.
  • For every teacher there are 17.9 students in this area. (15.3 = national average)

Data reported through 10/19/2016

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