These stats are pulled from the 37421 & 37363 ZIP codes
All Ooltewah & East Brainerd Residential Real Estate Sales through the Chattanooga MLS
All active listings as of 11/5/09: 720
Pending or contingent listings (under contract) as of 11/5/09: 155
Residential listings closed (sold) during October 2009: 76
Number of months to sell current actives at October's sales pace: 9.5
Under $100,000
Active, residential listings: 29
Pending or contingent listings: 9
Residential listings closed during October 2009: 7
Number of months to sell current actives at October's sales pace: 4.1
$100,000-200,000
Active, residential listings: 266
Pending or contingent listings: 77
Residential listings closed during October 2009: 43
Number of months to sell current actives at October's sales pace: 6.2
$200,000-400,000
Active, residential listings: 315
Pending or contingent listings: 60
Residential listings closed during October 2009: 23
Number of months to sell current actives at October's sales pace: 13.7
Over $400,000
Active, residential listings: 110
Pending or contingent listings: 9
Residential listings closed during October 2009: 3
Number of months to sell current actives at October's sales pace: 36.7
What does all of this mean? It's been pretty hard to find anything for less than about $125k in this area for a while now and that shows in the 4.1 month supply of homes for under $100k. When something comes on the market it gets scooped up pretty quickly. Even going up to $200k, there's still only a 6 month supply. Of course, there's a disproportionate number of upscale and luxury homes in this area so you would expect it to be a little depressed given the state of the luxury real estate market in Chattanooga/Hamilton County. The upper end here is actually faring a little better than the rest of the area with a 37 month supply. Not great, but hey, I'm a glass half full kinda gal.
;)
;)
