Here’s the latest report from the Knox County, Tennessee Register of Deeds real estate transactions.
There were 157 transactions during the past week; that’s about on par for the 150 average we’ve had for 2009.
And as usual the $100,000 to $150,000 price points dominate the number with almost twice as many as any other category.
Even though we have not seen the normal seasonal slowdown yet, I think it may be beginning in December.
Real estate in Knox County and most everywhere else in the United States is in a very highly volatile state right now because of the economy, unemployment, and a lack of consumer confidence. I believe that will be exacerbated this month by the Christmas season. People with holiday parties and shopping foremost in their minds are typically not in the house buying mode at the same time.
According to the Knoxville Realtors Multiple Listing Service there are 3,727 active residential listings and 976 condos in all price points. Here’s a graph showing the current, active listings broken down by price points.
By comparing the two graphs you can easily see there’s a huge disparity between the number of current, active listings and those that actually sell.
This also demonstrates that now is an excellent time to buy a house or condo. Excellent fiancing is still available and there is a huge selection of homes for sale. Visit www.KnoxvilleHomeCenter.com to see all the current active listings listed above plus all the other counties served by the Knoxville Area Association of Realtors
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