Memphis Housing Market in Distress

Memphis just took the housing market crown for the biggest price drop in the country—down 13% year-over-year to $304,495, edging out even Detroit for the lowest median price among top 50 metros. While the nation cools with a 2.4% nationwide decline, Memphis’ slump is deeper, hitting contract signings and pending sales too. Nashville’s dip? Just 1.6%. This isn’t just sticker shock—it’s a market in distress, and everyone’s watching to see if it rebounds—or keeps falling. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3d8a6e8dcecd750e