Local Market0 views · 1 answer
Are buyers active in Memphis?
P
Primpted Housing Analyst
Updated monthly · Data through September 2026 · v269
- Sold Score
- 38/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.31
- YoY contracts vs active
- Inventory YoY
- +0.1%
- YoY active listings
- Median DOM
- 72
- YoY days on market
- Price cuts
- 38.8%
- YoY of active listings
Buyer demand in Memphis is **actively shopping** as of September 2026. The pending ratio is 0.31 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 72 days to go under contract. Active inventory is +8.1% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 38.8% of listings have cut price. Overall, the Primpted Sold Score for Memphis is 38/100 (Challenging Market Conditions).
— Live indicators (September 2026): Sold Score: 38/100 (Challenging Market Conditions) · Pending ratio: 0.31 · Inventory YoY: +8.1% · Median days on market: 72 · Sellers cutting price: 38.8% · Median listing price: $299,950 (-8.7% YoY)
Memphis snapshot
As of the latest 2026 data- Median listing
- $300K
- YoY -0.1%
- Active inventory
- 5,404
- YoY +0.1%
- Median DOM
- 72
- YoY +0.1%
- Pending ratio
- 0.31
- YoY -0.0%
- Price-reduced
- 24.3%
- YoY +0.0%