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November Home Sales Report

December 2nd, 2010

The month of November closed with 876 sales, down 24% from the prior year and down 13% from October.

 

Average home sales were up 4% from November 2009 to $129,266! 

 

Year-to-date, sales are down 7% from the same time in 2009 and average sales prices are up 1%.

 

Bank sales were down 35% from the prior year with only 221 recorded for the month. Year-to-date, bank sales are down 17% from the same time last year!

 

New home sales were down 39% from November 2009 with 57 recorded for the month. On a positive note, new home sales were up 10% from October. Average new home sales prices for November were $235,083 up 3% from the prior year!

 

Continuing to see the effects of September’s foreclosure moratorium, foreclosures in November were down by 36% with only 265 recorded. Unfortunately, the average foreclosure amount was up 36% from the prior year to $129,965.

 

Foreclosure notices were down 23% from November 2009 with 742 recorded for the month and were up 7% from October. 

 

Join us Tuesday, December 14th from 3:00pm-4:00pm at MAAR’s Education Center for an online demonstration of our latest features including how to prepare a professional comprehensive market analysis report. We will also cover our latest market trend reports for Shelby, Fayette and Tipton Counties!

 

Register today! Refreshments will be served.

 

Review all of our Shelby County Market Trend reports here.

 

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