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.
Topics
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 commercial real estate, economic development, residential real estate, restaurant real estate, and hospitality and tourism.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.