Knoxville Area Multiple Listing Home Sales 2009 Compared to 2008

By
Real Estate Agent with Realty Executives Associates 00292515

Knoxville Area Home Sales

using statistics from the Knoxville Area Association of Realtors®

Provided by Cathy Glass, Realtor®

Realty Executives Associates, 865-693-3232

 Average Price and Number of Homes Sold (does not include condos)

 

Average Price

Number of Homes Sold

1st Quarter 2008

212,807

2399

4th Quarter 2008

170,662

2037

1st Quarter 2009

166,844

1700

As you can see, in the first quarter of this year, the price of a home in the Knoxville area dropped 21% from the first quarter 2008 and is 2.2% lower than the fourth quarter of 2008. The number of home sales in the first quarter of 2009 was 29% less than the number in the same time period in 2008. It was also 16.5% lower than sales in the fourth quarter of 2008.

 Average Price and Number of Homes Sold, including condos

 

Average Price

Number of Homes Sold

1st Quarter 2008

207,730

2736

4th Quarter 2008

180,956

2237

1st Quarter 2009

166,651

1857

 If condos are included, the average sale price of a house or condo was 20% less in the first quarter of 2009 than it was in the first quarter of 2008. It also represents an 8% drop from the fourth quarter of 2008. The number of sales in the first quarter of 2009 were down 32% from the first quarter in 2008 and 17% from the fourth quarter of 2008.

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Rainmaker
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Cathy Glass

Realtor - Knoxville, Tennessee
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