Top Mega Teams in Memphis, Tennessee – Ranked by Sides
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|Rank – City Sides||Team Name||Company||Location||Sides||Profile|
|1||Wallace Group Home & Loan||Keller Williams Realty Memphis Central||Memphis, TN||430.2||View Profile|
|2||The Layson Group||Keller Williams Realty Memphis Central||Memphis, TN||218.0||View Profile|
|3||The Home Gurus||Keller Williams Realty Memphis Central||Memphis, TN||178.0||View Profile|
2022 Market Summary
Memphis, Tennessee started 2022 with a total of 540 single-family homes on the market, with a median home price of $104,450 and an average price per square foot of $98. By the end of the year, inventory had increased to 928 homes on the market (+71%), with a median home price of $189,900 (+81%) and an average price per square foot of $137 (+39%).
At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 56 days.
Memphis started the year with 24% 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 43% of Memphis homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Memphis started 2022 as a strong seller’s market, with an MAI score of 50; by the end of the year, the MAI had dropped to 38 – a slight seller’s advantage.
This market summary is powered by Altos Research – click here to run a free report for your area.
“You’ve probably heard this mantra — your listing, your lead, but most of the lead aggregators in the country say, ‘Your listing, our lead, and then we’ll distribute it to whoever pays us the most,’” said Dan Duffy, CEO of United Holdings at Elevate, the firm’s annual conference held in Orlando. “We’re trying to reverse […]
Housing Market News
In some markets, more than 50% of active listings have had a price cut as mortgage rates rise ever closer to the 8% mark.
Frequently Asked Questions
How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
View the full Rankings FAQ page here.
Colorado, Georgia, Tennessee, Idaho and North Dakota join Utah in banning firms like MV Realty from using right to list agreements.