The Greater Chattanooga Association of Realtors released the April 2021 Chattnooga real estate numbers, and I’m sharing them with you today:
The number of new listings has increased by 27.3% from April 2020. The number of closed sales is up by 25.0% from last year’s numbers.
Homes for sales are being sold faster this year with an average of 23 days compared to 50 days last year
| Metric | Apr-20 | Apr-21 | Percentage of Change |
| New Listings | 978 | 1245 | 27.3% |
| Closed Sales | 829 | 1036 | 25.0% |
| Days on Market | 50 | 23 | -54.0% |
| Median Sales Price | $216,000 | $252,500 | 16.9% |
| Homes for Sale | 2409 | 820 | -66.0% |
The number of homes for sale is still a concern as the numbers keep on going down and the Chattanooga is still on a seller’s market.
But that doesn’t mean homebuyers should be wary of finding their dream home as the mortgage interest rate is still low. There is a lot that our team can do to help you find the perfect home.
Want to know why we are on a seller’s market? Click here
If you have questions about 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 for more information.
