Local Market0 views · 1 answer
Are buyers active in Memphis?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 33/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.38
- YoY contracts vs active
- Inventory YoY
- +0.2%
- YoY active listings
- Median DOM
- 58
- YoY days on market
- Price cuts
- 39.5%
- YoY of active listings
Buyer demand in Memphis is **actively shopping** as of May 2026. The pending ratio is 0.38 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 58 days to go under contract. Active inventory is +16.2% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 39.5% of listings have cut price. Overall, the Primpted Sold Score for Memphis is 33/100 (Challenging Market Conditions).
— Live indicators (May 2026): Sold Score: 33/100 (Challenging Market Conditions) · Pending ratio: 0.38 · Inventory YoY: +16.2% · Median days on market: 58 · Sellers cutting price: 39.5% · Median listing price: $302,500 (-12.9% YoY)
Memphis snapshot
As of the latest 2026 data- Median listing
- $303K
- YoY -0.1%
- Active inventory
- 5,374
- YoY +0.1%
- Median DOM
- 64
- YoY +0.1%
- Pending ratio
- 0.35
- YoY -0.1%
- Price-reduced
- 25.1%
- YoY +0.0%