2009 New Housing Inventory Update
New home sales accounted for 7% of all sales in 2009, down 27% from the prior year.
There were 1,083 total home sales, valued at $263 million with an average sales price of $243,392.
Arlington (38002), Cordova (38016) and Downtown (38103) had the most new home sales for the year.
Franklin Farms in Cordova had the most new home permits in 2009 with 41 total.
Click here to read the latest news on the new housing market from The Daily News Online.
Be sure to register and attend our first Master Your Market luncheon series on Thursday, February 11th to learn more about the local commercial market, foreclosures, mortgages and more! This $20 luncheon will meet from 11:30AM-12:30PM at the Germantown Athletic Club’s Media Room. Attendees will receive a boxed lunch, a copy of our presentation and our year-end market trend reports.
Seats are limited so register today here or by contacting Wendy Greenlaw at 901-528-5273!
