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.
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