The Memphis real estate market has shown signs of softening in early 2026, with home prices experiencing declines in January amid shifting buyer demand, increased inventory in some segments, and broader economic pressures influencing affordability. While some metrics indicate year-over-year drops in median sale prices and values, other areas reveal mixed signals with modest gains in median prices from local association data, alongside reduced sales volume potentially impacted by seasonal factors like weather events. Overall, the market appears to be transitioning toward greater balance, offering potential opportunities for buyers in a historically affordable Southern city.
“In January 2026, Memphis home prices continued to face downward pressure, with median sale prices dipping modestly year-over-year according to…