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 th
e 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.
