Top Real Estate Agents in Memphis, Tennessee

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    • Rank – City SidesFull NameCompanyLocationSidesProfile
    1Tracie BenetzEmmett Baird RealtyMemphis, TN 56.0View Profile
    2Melody BourellMarx-Bensdorf REALTORSMemphis, TN 46.5View Profile
    3Myles WilsonKeller WilliamsMemphis, TN 40.0View Profile
    4Ruth Ann RobbinsKeller WilliamsMemphis, TN 37.0View Profile
    5Tammy DavisColdwell Banker Collins-MauryMemphis, TN 23.5View Profile
    6Jimmy ReedMarx-Bensdorf REALTORSMemphis, TN 20.5View Profile

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    2023 Memphis, Tennessee Housing Market Summary

    Memphis, Tennessee started 2023 with a total of 861 single-family homes on the market, with a median home price of $189,000 and an average price per square foot of $137. By the end of the year, inventory had increased to 1,353 homes on the market (+57%), with a median home price of $184,900 (-2%) and an average price per square foot of $144 (+5%).

    At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 70 days.

    Memphis started the year with 41% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 44% of Memphis homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Memphis started 2023 as a strong seller’s market, with an MAI score of 45; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Real Estate News

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    Side files preliminary injunction against Alexander brothers in wake of arrests 

    Dec 17, 2024By

    Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners, that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on.

    Housing Market News

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    New apartment construction hasn’t lowered rents in many areas 

    Dec 17, 2024By

    Redfin reported a 18-month high in asking rent prices for new construction apartments. Can low-income workers keep up in 2025?

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    Agent News

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    Another sexual assault suit is being filed against broker Oren Alexander 

    Dec 12, 2024By

    An unnamed Jane Doe is seeking compensatory and punitive damages in relation to an alleged “planned brutal rape” in Miami in 2016.