Posts from August 2000

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Crye-Leike Reports Active Second Quarter Sales

August 1st, 2000 by Anonymous

Even though the real estate market seems to be flat because of escalating mortgage interest rates, a second quarter report from the largest real estate firm in Tennessee appears to be unaffected.

Memphis-based Crye-Leike, Realtors, the nation's tenth largest real estate firm, reported $826.63 million in sales during the second quarter, an increase of 3.8 percent over $796.65 million this same period last year. That volume increase was generated on the sale of 5,738 properties handled by Crye-Leike's 2,200 sales associates in six regional areas of the Midsouth. Year-to-date sales volume companywide for Crye-Leike was $1.46 billion, up 8.6 percent from $1.34 billion through June 1999. Year-to-date closings were 10,357, a 4.7 percent increase from the 9,893 closings reported through June 1999.

For the month of June, Crye-Leike reports $303.35 million in sales, down marginally at 1 percent from $306.38 million last year. These figures represent 2,072 units sold in...

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