Home / Memphis / Market report
The Memphis market report · June 2026 edition

The Memphis market, from the record.

Not survey data, not estimates, not sentiment. Recorded deeds, recorded loans, permit files, published notices, and listings this engine watches every night, fused on one parcel spine and summarized here. The names are the ones written on the documents.

Every figure on this page is computed from recorded Shelby County documents or listings this engine tracks nightly. Each section states its own method, window, and coverage. Where the record runs thin, the section says so. Rebuilt weekly from the live database; recording lag can move late-month documents into the next edition.

What Memphis actually sold for: $239,900 median in June 2026.

Median recorded arm's-length sale across Shelby County, $15,000 to $2,000,000 band, straight from the deed record. Full calendar months only; a month publishes at 100 recorded sales.

June 2025$252,750 (1,328 sales)
July 2025$215,646 (1,062 sales)
August 2025$209,000 (1,119 sales)
September 2025$220,000 (1,199 sales)
October 2025$200,000 (1,012 sales)
November 2025$215,000 (790 sales)
December 2025$206,950 (952 sales)
January 2026$198,000 (646 sales)
February 2026$190,000 (832 sales)
March 2026$203,500 (1,030 sales)
April 2026$210,000 (883 sales)
May 2026$225,500 (1,186 sales)
June 2026$239,900 (747 sales)

38 flips finished in June 2026, median realized uplift 67 percent.

A flip is a matched pair of recorded deeds on the same parcel (buy, then resale recorded in the month), classified from the county record with quick re-trades and new construction excluded. Most of these never touch a permit office or the MLS, which is why deed pairs are the only way to count them all. A pair classifies as a flip when the resale clears the buy price by at least 20 percent; thinner and negative exits are real but sit outside these figures. Uplift is the gross recorded price change, not a margin.

38
flips completed
recorded resales in June 2026
+67%
median realized uplift
buy deed to resale deed; median hold 194 days
$7,712,100
total resale volume
sum of the recorded resale prices
31 of 38
invisible to permit-based tracking
no permit file between buy and resale, so permit-fed datasets never see them; the deed pair does

The deeds also say who.

901 2 0 LLC recorded 7 completed flips.

REI NATION LLC recorded 6 completed flips.

MID SOUTH HOMEBUYERS LLC recorded 3 completed flips.

Names appear exactly as recorded. An operator using multiple entities is undercounted under any one name, so these counts are a floor.

Rent asked $1,310 a month; leases took a median 31 days to fill.

Asking rents from the nightly listing trail (3,973 Memphis-area listings observed in July 2026, one observation per listing per month). The fill clock is realized: 2,117 tracked listings watched from first listed to leased. Asking is not achieved; the per-address read shows what comparable houses actually signed at.

$1,310/mo
median asking rent
July 2026, nightly trail
~31 days
median time to lease
2,117 leased listings, list to lease, observed nightly

4,525 homes on the market, median ask $250,000.

Active Memphis-area for-sale listings on the nightly tracked sweep, asks $15,000 to $2,000,000. Cuts are re-prices observed night over night in the last 30 days.

4,525
live listings
tracked nightly
$250,000
median asking price
across live listings
50
listings cut price
in the last 30 days, observed nightly

Distress in motion: 153 foreclosure notices and 959 eviction filings in June 2026.

Trustee-sale notices counted by first publication (notice coverage from Jan 2023); eviction filings from the court record (filing coverage from Jun 2026, a young window that grows). Tax delinquency is the standing count of parcels on the county delinquency record. Counts only: no property or person is identified here.

153
foreclosure notices
first published in June 2026
959
eviction filings
filed in June 2026
17,563
parcels tax-delinquent
standing count on the county record

Who is buying Memphis, by name.

Every recorded purchase, grouped by the buyer entity named on the deed, canonicalized across name variants, trailing 12 months.

MID SOUTH HOMEBUYERS GP recorded 175 purchases in the trailing 12 months.

MS NEWCON LLC recorded 164 purchases in the trailing 12 months.

MEMPHIS INVESTMENT PROPERTIES IV LLC recorded 149 purchases in the trailing 12 months.

Those are the top of a ranked list 111,553 buyers deep. Counts by entity are a floor, not a ceiling.

The full buyer league →

Who funds the flips.

The trust deed recorded when a flipper bought, attached to pairs that finished as flips, grouped by lender, trailing 12 months.

GUARANTY BANK AND TRUST CO financed 60 flips in the trailing 12 months.

FIRST COMMUNITY BANK financed 56 flips in the trailing 12 months.

INDEPENDENT BANK financed 55 flips in the trailing 12 months.

The full lender league →

63 quick re-trades in 90 days, median spread $41,000.

Two recorded deeds on the same parcel inside 90 days name the wholetailer or double-closer between them; the spread is the difference between their recorded buy and resale. The honest boundary: assignors who never take title leave no deed, so no tool can count those, and this report does not pretend to. The wholesaler league →

This report is the county-wide aggregate. It does not say which side of any median your address sits on, what the entity bidding on your street actually paid for its last ten houses, or how fast your pocket leases at your ask. The per-address read answers those from the same record. First read free, no card, no email. Pull the priors on an address

How we know this

Property Priors fuses recorded deeds, trust deeds, building permits, foreclosure notices, eviction filings, and tax-delinquency records onto one parcel spine, then adds listing trails the engine walks nightly: rentals from list to lease, for-sale inventory night over night, and short-term calendars. A flip is a matched pair of recorded deeds on the same parcel, classified to exclude quick re-trades and new construction. Entity names appear exactly as written on recorded documents. The full method, including the held-out accuracy backtest, is public: how Property Priors builds a read.

Every figure on this page is computed from public records and tracked public listings. Public records contain errors, omissions, and recording lags, and coverage windows are stated where each figure appears. Distress figures are aggregate counts only; no individual property or person is identified beyond what the public record itself names. Rankings reflect recorded volume only and are not ratings, reviews, endorsements, or statements about any entity's quality, legality, or conduct. Nothing here is an appraisal, a broker price opinion, or lending, investment, tax, or legal advice. This is not a consumer report: never use it to screen tenants or to make any decision about an individual person.