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Home Sales Prices Up in May

June 4th, 2009

Chandler Reports has released May 2009 sales data for Shelby County showing a 2% increase in home sales prices from April and a stabilization in the total number of homes sold.

There were 1,233 home sales in May, only down 4% from April which reported 1,290 sales. The average sale price for May was $113,721 ($59.19/SqFt), up 2% from April $111,457 ($59.10/SqFt). Positive indicators show that the residential real estate market for Shelby County is stabilizing.

May Sales Recap  

  • May 2009 vs. May 2008: Sales down 6% from May 2008. Average sale price down 21% from May 2008.
  • 1,233 sales in May 2009 (1,313 May 2008) with an average price of $113,721 ($59.19/SqFt), ($143,789 May 2008, $73.70/SqFt)
  • May 2009 vs. April 2009: Sales down 4% from April 2009. Average sale price up 2% from April 2009.
  • 2009 vs. 2008 Year-to-Date: Sales down 19% from 2008. Average sale price down 16% from 2008.
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