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April Residential Sales Update!

May 7th, 2010

1,246 sales were recorded in April, down 3% from April 2009.

Average sales prices were up 9% from the prior year to $121,229!
Year-to-date sales are virtually unchanged compared to 2009 with 4,340 already cloased in 2010 to 4,354 closed during the same time last year.
66% of April’s sales were Non-Bank sales, up 13% from April 2009!
April new home sales were unchanged from the prior year but the average new home sales price dropped 9% to $212,354. New home sales were up 2% from March.
Cordova North (38016) had the most home sales for the month with 97 total, up 17% from April 2009.
Collierville (38017) produced the most revenue with $15.1 million and an average sales price of $296,373.
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