Inventory’s Up—So Why Are Prices Still Rising in the Midsouth?

If you’ve been watching the market and wondering why prices haven’t dipped despite more homes being listed—you’re not alone.

In Germantown, Collierville, Bartlett, and Lakeland, we’re definitely seeing an increase in inventory. But that doesn’t automatically mean lower prices.

Here’s why:

Buyer Demand Is Still Strong

Many buyers have been waiting—and now that more homes are available and rates have stabilized, they’re jumping back in. This demand creates competition, especially for well-priced homes in great neighborhoods.

The Economy Is Holding Up

People feel financially confident right now. According to NAR, that kind of consumer confidence drives action—and action drives prices.

Inventory Still Isn’t “High”

Even with the uptick, we’re at around a 4.6-month national supply. That’s still below what we saw pre-2020. Plus, that inventory is concentrated in specific markets. Here in the Memphis suburbs, many homes are still moving fast.

So what’s the takeaway?

If you’re a buyer: Don’t wait too long. The right homes are still moving quickly—and prices could keep rising.

If you’re a seller: This is your moment. You’ve got demand, but only if your home is positioned right with smart pricing and strong marketing.

Want to know how this applies in your neighborhood? I’ve got the local data and a strategy that’ll help you move with confidence.

I’m Kelly Day with simpliHŌM—where we make buying and selling a home simple.