Home sales in Tennessee’s Shelby County jumped 15 percent from May 2012 to May 2013, according to reports from a real estate reporting and information company, Chandler Reports. The Memphis housing market has become a pretty good and stable place, with total sales volume up to $197 million in May 2013, up from $171 milli0n in May 2012.
The Memphis local movers have found that the average sales price was up 9 percent from May 2012 prices, and the highest sales for the area were in the Cordova North area of the county, followed by Cordova South and then Collierville. Collierville, however, ranked as the top area for total sales. Existing home sales increased five percent, while the overall trend shows that prices are rising consistently in month over month comparison.