Memphis, TN-MS-AR
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Memphis market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Memphis, TN-MS-AR.
The Memphis market is currently in a Cooling phase, characterized by a pending ratio of 0.33, indicating that demand absorption is moderate relative to available supply. This condition is further supported by a year-over-year decline of 9.9% in the median listing price and a 9.8% increase in active listings.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Jul 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Building permits (private housing units) · Jul 2026
Shows whether future inventory pressure may increase.
U.S. Census Bureau building permits via FRED (St. Louis Fed).
What's moving the Memphis market right now.
Active listings have expanded by 9.8% over the past year, reaching 5,451 units, while new listings saw a contraction of 5.4% year-over-year. The pending ratio stands at 0.33, reflecting a slight year-over-year decrease of 2.3%. Median days on market have extended to 68 days, a 6.3% increase from the prior year, and 25.3% of listings have undergone a price reduction, indicating reduced pricing power.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a pending ratio of 0.33 and an expanding inventory, properties are absorbing at a slower pace, which typically allows for greater price discipline from potential purchasers. The lengthening of median days on market to 68 days suggests that sellers may need to adjust pricing expectations to align with current demand conditions and inventory levels.
Average listing prices declined by 8.8% year-over-year, outpacing the 9.9% median listing price decrease. Median $/sqft also saw a 4.1% decline over the past year, suggesting some softness within higher price tiers.
5,451 active listings represent the current floor, with new supply arriving at roughly 1,600 per month.
of active listings carry a price reduction, +1.5% from prior period.
Median price per square foot has moved -4.1% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Memphis, TN-MS-AR? Homes here are taking 4 days longer to sell than last year.
Buyers have leverage in Memphis, TN-MS-AR. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 33%
- Median Days on Market
- 68 days
- Inventory YoY
- +10%
In a buyer's market, strategy beats timing. See how your home scores in Memphis, TN-MS-AR and what moves the number.
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