#memphis-real-estate

#memphis-real-estate

In December, Memphis saw its active listing count soar to 2,123, marking an impressive 20.7% increase compared to the same time last year. This was a significant rise above the national increase of 12.1%. While the number of newly listed homes in Memphis dipped to 446, a 9.3% decrease from the previous year, the overall swell in inventory signaled that homes were lingering on the market longer, creating a prime environment for buyers to explore their options.

In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices.