Hixson Real Estate Market Report for July 2010

Yeah, yeah, I know. It's September for Pete's sake, Jules (by the way, how did it get to be September already?). That just means you have the August report to look forward to that much sooner!

Everything you see here is reliable but not guaranteed. I figure all these myself and I am, after all, only human.

These numbers cover everything within the 37343 ZIP code as reported to the Chattanooga MLS.

Hixson Real Estate Sales (All prices)

All Hixson Homes for Sale: 317

Pending or contingent listings (under contract): 53

Residential listings closed (sold) during the past month: 29

Number of months to sell current actives at last month's sales pace: 10.9

Hixson, under $100,000

Active, residential homes for sale: 31

Pending or contingent listings: 11

Residential listings closed last month: 6

Number of months to sell current actives at last month's sales pace: 5.2

Hixson, $100,000-200,000

Active, residential homes for sale: 171

Pending or contingent listings: 27

Residential listings closed during the last month: 12

Number of months to sell current actives at last month's sales pace: 14.25

Hixson, $200,000-400,000

Active, residential homes for sale: 93

Pending or contingent listings: 15

Residential listings closed during the last month: 11

Number of months to sell current actives at last month's sales pace: 8.5

Hixson, over $400,000

Active, residential homes for sale: 22

Pending or contingent listings: 0

Residential listings closed during the last month: 0

Number of months to sell current actives at last month's sales pace: Priceless

The bright spot here for Hixson sales numbers is in that $200-400k range. In most areas, the absorption rate (months to sell a home at the current sales pace) in that price range is similar to or even a LOT higher than the $100-200k range. But in Hixson - at least for now - it's almost half. Part of that is because of the lower level of inventory, 93 homes for sale compared to 171 but I suspect it's also a reflection of the fact that people are willing to spend a little more to buy a house in Hixson.

Click to get a taste of the Hixson homes for sale right now.

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Julia Odom enjoys long walks on the beach, debating the renovation vs. restoration question and hanging out with home inspectors.

Visit Chattanooga Real Estate News to search homes for sale or view the rest of her blog