These stats are pulled from the 37363 ZIP code
All Ooltewah Residential Real Estate Sales through the Chattanooga MLS
All active listings as of 12/7/09: 326
Pending or contingent listings (under contract) as of 12/7/09: 74
Residential listings closed (sold) during November 2009: 48
Number of months to sell current actives at November's sales pace: 6.8
Under $200,000
Active, residential listings: 100
Pending or contingent listings: 36
Residential listings closed during November 2009: 25
Number of months to sell current actives at November's sales pace: 4
$200,000-400,000
Active, residential listings: 168
Pending or contingent listings: 35
Residential listings closed during November 2009: 20
Number of months to sell current actives at November's sales pace: 8.4
Over $400,000
Active, residential listings: 58
Pending or contingent listings: 3
Residential listings closed during November 2009: 3
Number of months to sell current actives at November's sales pace: 19.3
What does all of this mean? There weren't enough homes on the market for under $100,000 to even bother calculating separately (there were 10 for those keeping score at home). If you have a home to sell in Ooltewah for under $200k there's not much reason to wait around for the market to pick up. Even in the $200-400k range, there's still only an 8 month supply. The upper end of the real estate market fares better in Ooltewah than in the rest of Hamilton County with only a 19 month supply compared to 28.5 for Hamilton County as a whole. If you've got a lower to mid level home to sell in Ooltewah and want to move up to a bigger house nearby...get your selling shoes on. If you've lived in your house for 5 of the last 8 years you might even qualify for the new $6,500 tax credit.
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