Memphis-area home sales show a steady decline in 2023
Memphis Area Association of Realtors data shows home sales decreased from 19,968 in 2022 to 15,367 in 2023. (Patrick Lantrip/The Daily Memphian file)
The shortage of houses on the market, price increases and the rise of interest rates have resulted in a national trend of declining home sales, said the president of the Memphis Area Association of Realtors.
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MAAR Housing Market total home sales Scott BettisSophia Surrett
Sophia Surrett is a recent University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers restaurants, residential real estate, and hospitality and tourism.
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