Hixson Real Estate Market Report for August 2010

By
Real Estate Agent with Select Realty Professionals

See! I told you you'd just have the August report to look forward to sooner... Everything you see here is reliable but not guaranteed. These numbers cover everything within thHixson Homes for salee 37343 ZIP code as reported to the Chattanooga MLS.

Hixson Real Estate Sales (All prices)

All Hixson Homes for Sale: 352

Pending or contingent listings (under contract): 57

Residential listings closed (sold) during the past month: 40

Number of months to sell current actives at last month's sales pace: 8.8

 

Hixson, under $100,000

Active, Hixson homes for sale: 34

Pending or contingent listings: 13

Residential listings closed last month: 9

Number of months to sell current actives at last month's sales pace: 3.8

Hixson, $100,000-200,000

Active, Hixson homes for sale: 195

Pending or contingent listings: 27

Residential listings closed during the last month: 20

Number of months to sell current actives at last month's sales pace: 9.8

Hixson, $200,000-400,000

Active, residential homes for sale: 101

Pending or contingent listings: 17

Residential listings closed during the last month: 11

Number of months to sell current actives at last month's sales pace: 9.2

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: Ouch

The absorption rate (months to sell a home at the current sales pace) for the $100-200k and $200-400k range leveled out a lot more than what we saw on last month's Hixson real estate report. And thankfully, that's because the $100-200k range saw a big jump in sales rather than the $200-400k'ers taking a swan dive into the murky waters of the post-summer-now-receding Lake Chickamauga. Woo hoo!

Unfortunately, for the over-$400k-selling crowd, there isn't any good news. Same inventory and another month without any sales or even any contracts. Sounds like somebody needs a price reduction!

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

Posted by

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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

Contact Julia Odom Chattanooga Homes for Sale Chattanooga real estate market reports Living in Chattanooga Humor in Real Estate

 

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