Shelby County’s six suburbs closed 3,294 home sales in 2025, landing on the exact same number as 2024. In a year when plenty of housing metrics wobbled, that kind of copy-paste result signals a suburban market that is steady, active, and anything but overheated.
As reported by The Daily Memphian, the flat suburban tally caught some local watchers off guard. Tim O’Hare told The Daily Memphian, “It’s pretty flat, which has tracked for the most part for this greater Mid-South area.”
MAAR year-end snapshot
The Memphis Area Association of REALTORS® year-end report shows the broader Memphis market wrapping 2025 with 15,047 total home sales, a drop of about 4.1% from 2024. At the same time, both median and average sales prices continued to climb.
According to MAAR, the median sales price rose roughly 6.8% to about $224,250, while the average price also inched higher. Fewer deals, higher price tags, and a suburban market that refuses to budge on volume adds up to a tight but still-moving landscape for buyers and sellers.
Rates and lending conditions
Mortgage rates have eased off last year’s highs. Freddie Mac put the 30-year fixed average near 6.06% to 6.09% in mid-January, a shift that has tempted more buyers back into the hunt. Lenders around Memphis are seeing mortgage activity tick up, The Daily Memphian reports, a trend that could help fuel a busier spring selling season.
What this means locally
For buyers, the flat suburban sales count combined with MAAR’s inventory snapshot of about 4,078 active listings in December, as outlined by MAAR, points to more choices and less of the bidding frenzy seen in earlier years…