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 University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers small business, nonprofits, restaurant real estate, hospitality and tourism and manufacturing.
Comments
Want to comment on our stories? If you’re a subscriber, scroll down to the comments. If you’re not a subscriber, only paid subscribers can add their thoughts, so subscribe now. Our commenting policy can be viewed here.