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New home sales up 19 percent on the year

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Overall home sales in Collierville were down nearly 10 percent last month, with new home sales up 20 percent.

According to the Memphis Area Association of Realtors, 130 sales were recorded in June, down from 144 a year ago.

At $308,900, the town’s median sales price remained the highest in the county. The median price for new homes was a whopping $472,572.

To date, sales are down 6 percent compared to 2015. However, with 56 new homes sold through June, new sales are up 19 percent on the year.

Sales have been down five of six months in 2016. April was the lone month that sales climbed.

Germantown saw an 18-percent climb in sales last month, with 109 recorded. Sales are up 3 percent on the year in Germantown.

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