Here’s what the latest numbers say about our Greater Chattanooga market.
What’s the state of our Greater Chattanooga real estate market as we begin 2021? To answer that question, let’s look at the latest MLS numbers from November 2020—the last month for which we have complete data—and how they stack up compared to November 2019:
- New listings rose 0.4% from 928 to 932
- Closed sales rose 19.3% from 781 to 932
- The average days on market dropped 30% from 50 to 35
- The median sales price rose 18.2% from $210,000 to $248,300
- The average sales price rose 22% from $239,144 to $291,805
- The number of homes for sale dropped 51.8% from 2,904 to 1,399
As of the recording of this video, inventory of houses for sale in the Greater Chattanooga area dropped even further to just 1,100 homes, which means if you’ve had trouble selling your home in the past, now’s the time to give it another shot. Sellers are getting a lot more for their homes, and homes are selling quicker in general.
If you have questions about Chattanooga homes for sale or how these numbers affect your buying or selling plans, don’t hesitate to reach out to me. I’d love to help you. Click here to know more or you can reach us through the numbers below
(423) 595-7958
(423) 664-1600
RealtorRyanKing@gmail.com
