Hmm, well I'll defer to your expertise then, but if nothing else the language Homer used isn't even in use any more...how many people still read/listen to it in Ancient Greek? And I gather it was still many many centuries since those stories were first told before they were written down at all.
I'd also think memorizing something when you have a written-down text to refer to is one thing, whereas repeating a story you've only heard told verbatim is quite another.