Crye-Leike celebrating best year since 2007 – Reported By: the Memphis Business Journal

More signs continue pointing to a housing industry recovery and the largest residential real estate firm in Memphis is spelling out that fact through its own transaction volume.


Crye-Leike Inc. is celebrating its best sales year in five years, after closing $4.5 billion in transactions in 2012, The Commercial Appeal reports. The volume is a far cry from the $5.7 billion Crye-Leike agents closed in 2007 but represents a $700 million improvement over the $3.8 billion total in 2011.


Last week, the Memphis Area Association of Realtors reported that local brokers sold 17.2 percent more homes in 2012 than in 2011 and increased overall sales by 20 percent over the same period, finishing the year at $1.94 billion in total sales volume.