Asking Prices and Inventory for Homes in Memphis Tennessee

As of May 14 2012 there were about 8,473 single family and condo homes listed for sale in Memphis Tennessee. The median asking price of these homes was approximately $149,900. Since this time last year, the inventory of homes for sale has decreased by 17.9% and the median price has decreased by 0.0%.

	May 14, 2012	Month/Month	Year/Year
Median Asking Price	$149,900	0.0%	0.0%
Home Listings/Inventory	8,473	+3.0%	-17.9%

Recent Asking Price and Inventory History for Memphis

Date	Single Family & Condo Inventory	25th Percentile Asking Price	Median Asking Price	75th Percentile Asking Price
05/14/2012	8,473	$87,500	$149,900	$238,545
05/07/2012	8,397	$88,130	$149,900	$239,000
04/30/2012	8,353	$87,900	$149,900	$239,000
04/23/2012	8,323	$86,000	$149,900	$239,000
04/16/2012	8,224	$85,900	$149,900	$239,000

Memphis Asking Price History

The median asking price for homes in Memphis peaked in June 2007 at $172,780 and is now $22,880 (13.2%) lower. From a low of $142,825 in February 2011, the median asking price in Memphis has increased by $7,075 (5.0%).

25th, Median (50th) and 75th Percentile Asking Prices for Memphis Tennessee

Memphis Housing Inventory History

Housing inventory in Memphis, which is typically highest in the spring/summer and lowest in the fall/winter, peaked at 16,315 in October 2007. The lowest housing inventory level seen was 7,925 in February 2012.

Housing Inventory for Memphis Tennessee

Memphis Asking Price and Inventory History

Date	Single Family & Condo Inventory	25th Percentile Asking Price	Median Asking Price	75th Percentile Asking Price
May 2012	8,435	$87,815	$149,900	$238,773
April 2012	8,216	$86,140	$149,900	$238,160
March 2012	7,958	$84,975	$148,300	$235,200
February 2012	7,925	$84,900	$145,029	$234,925
January 2012	7,982	$83,792	$145,000	$234,900
December 2011	8,419	$83,225	$145,283	$234,450
November 2011	8,953	$84,452	$148,200	$234,554
October 2011	9,366	$84,150	$149,636	$236,500
September 2011	9,673	$85,000	$149,900	$238,850
August 2011	9,964	$86,470	$149,900	$239,720
July 2011	10,272	$88,450	$149,900	$239,350
June 2011	10,297	$88,700	$149,900	$238,781
May 2011	10,295	$88,765	$149,900	$238,980
April 2011	10,290	$86,325	$148,288	$233,200
March 2011	10,255	$84,975	$144,575	$228,571
February 2011	10,165	$84,550	$142,825	$224,950
January 2011	9,860	$85,800	$144,940	$226,820
December 2010	10,404	$88,850	$146,700	$229,475
November 2010	10,879	$89,900	$149,780	$235,860
October 2010	11,226	$90,600	$149,950	$239,450
September 2010	11,342	$94,125	$154,075	$239,900
August 2010	11,444	$95,600	$156,260	$244,580
July 2010	11,366	$96,850	$159,900	$249,450
June 2010	11,224	$95,350	$159,900	$249,900
May 2010	11,037	$95,680	$159,900	$249,900
April 2010	11,277	$94,850	$159,325	$247,700
March 2010	10,907	$91,620	$155,557	$243,640
February 2010	10,628	$89,900	$154,900	$241,000
January 2010	10,210	$89,900	$154,921	$243,450
December 2009	10,569	$89,800	$155,800	$246,625
November 2009	10,844	$90,158	$159,340	$249,940
October 2009	11,145	$90,700	$159,900	$254,650
September 2009	11,407	$94,300	$159,963	$255,425
August 2009	11,558	$95,400	$164,060	$258,860
July 2009	11,784	$95,950	$165,075	$259,800
June 2009	11,751	$99,240	$169,140	$259,900
May 2009	11,819	$96,325	$168,475	$259,947
April 2009	12,036	$93,675	$165,000	$259,900
March 2009	12,123	$90,140	$163,660	$258,700
February 2009	12,355	$89,900	$164,800	$258,975
January 2009	12,515	$91,405	$165,718	$260,104
December 2008	12,753	$93,998	$167,127	$262,006
November 2008	13,609	$96,507	$168,490	$263,847
October 2008	14,004	$99,100	$169,900	$265,750
September 2008	14,561	$99,720	$169,900	$268,100
August 2008	14,596	$99,900	$169,900	$269,850
July 2008	14,680	$99,375	$169,900	$269,912
June 2008	14,787	$99,320	$169,900	$269,958
May 2008	15,306	$98,375	$169,778	$268,650
April 2008	15,146	$98,225	$169,925	$268,200
March 2008	14,728	$99,710	$171,704	$269,820
February 2008	15,467	$96,125	$167,925	$264,200
January 2008	15,026	$95,600	$166,500	$261,925
December 2007	15,535	$95,940	$165,580	$259,940
November 2007	16,295	$98,000	$166,400	$259,900
October 2007	16,315	$98,505	$167,560	$259,900
September 2007	16,110	$98,125	$167,725	$259,800
August 2007	15,989	$97,725	$169,150	$259,900
July 2007	15,723	$99,440	$170,740	$263,040
June 2007	15,301	$99,900	$172,780	$266,699
May 2007	14,942	$99,250	$172,700	$268,975
April 2007	14,520	$98,025	$169,920	$266,960
March 2007	13,529	$96,975	$169,900	$266,103
February 2007	13,105	$96,044	$169,900	$267,220
January 2007	12,687	$95,780	$169,900	$266,069
December 2006	12,960	$95,925	$169,647	$265,700
November 2006	13,202	$98,575	$169,900	$264,975
October 2006	13,203	$99,040	$169,900	$267,430
September 2006	12,941	$99,575	$169,900	$269,100
August 2006	12,697	$99,175	$169,900	$265,925
July 2006	12,306	$99,260	$169,820	$265,469
June 2006	11,824	$99,900	$169,900	$266,925
May 2006	11,391	$99,740	$170,040	$267,740
April 2006	11,117	$98,933	$169,900	$263,666