May home sale prices have increased by 15% from this month last year according to Chandler Report. Sales have been on the rise but the 2 markets within Shelby county that are seeing the most sales activity are Cordova ( 38016, 38018 ) and Collierville ( 38017 ). Collierville consists mostly of owner occupants due to the higher prices in that area but Cordova has a wide range of pricing which can make for a great area for investors to be purchasing investment property and also higher end for retail. Cordova lead the sales activity for May sales with 197 and Collierville had 81 sales. Understand that these numbers are only being tracked from homes listed on the MLS and do not account for any off market listings. I believe the number of sales is higher in Cordova due to investor activity.
Statistics like this show that buyers and sellers are both active and are trying to take advantage of the market from both sides of the buying and selling cycle. The time to buy ( and sell ) is now.