2009: Year in Review
January 8th, 2010
Shelby County saw 14,598 total home sales in 2009 down 11% from 2008.
December closed with 1,262 home sales up 9% from 2008! 64% of those sales were Non-Bank Sales.
Bank Sales for December were down 17% from the prior year and down 7% for all of 2009!
For the second month in a row, Existing Home Sales were up, 7% in December and home sales values had a whopping 20% increase with an average of $120,251!
New Home Sales were up 36% in December versus December 2008 showing the largest year over year increase for 2009!
Overall New Home Sales in Shelby County were down 27% for 2009.
Residential Foreclosures were down 11% from 2008.
Click here to review all of the latest Residential Market Conditions Reports for December and Year End 2009!
Join us Thursday, February 11th for a new lunch series titled “Master Your Market: A quarterly luncheon series on Shelby County Market Trends”. Email wendy@chandlerreports.com for details.
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