David Saks: January 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

November New Housing and Builder Activity for Memphis

New Housing & Builder Activity


New home sales were up 11% in November with 83 sales recorded compared to 75 recorded in November 2012.


The average sales price of a new home was down 7% from last year to $273,994.


Year-to-date new home sales are up 8% and average new home sales prices are up 4%. 


Collierville (28), Arlington (16) and Cordova-South (14) had the most new home sales recorded for the month.  


747 new home permits have been filed through the end of October, down 5.7% from last year. Arlington has had the most new home permits filed through the first 10 months of the year with 164 total averaging $250,112. 


Regency Homebuilders is currently ranked as the top builder with 186 new home sales and 191 new home permits filed through October.

David Saks

Time&Temp Memphis

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Comment balloon 2 commentsDavid Saks • January 07 2014 01:06AM
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