Check out the March 2021 real estate numbers from the Greater Chattanooga Association of Realtors
Metric | March 2020 | March 2021 | Percentage of Change |
New Listings | 1209 | 1223 | +1.2% |
Closed Sales | 891 | 1113 | +24.9% |
Days on Market | 56 | 33 | -41.1% |
Median Sales Price | $211,000 | $255,000 | +20.9% |
Homes for Sale | 2447 | 868 | -64.5% |
Although the number of new listings, Closed sales, and Median Sales Price has increased from last year’s number, the main concern this time is the number of homes for sale. 2447 homes were on sale last March 2020. This year this has decreased to 868 homes for sale (-64.5%).
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