Ooltewah Real Estate Market Report for August 2010

By
Real Estate Agent with Select Realty Professionals

Everything you see here is reliable but not guaranteed. These reports are fascinating if you care, painful to read if you don't! This one covers ZIP code 37363 as reported to the Chattanooga MLS.

Hampton Cove, Ooltewah Real Estate, ChattanoogaOoltewah Real Estate Sales (All prices)

All active Ooltewah homes for sale: 425

Pending or contingent listings (under contract): 63 

Residential listings closed (sold) during the past month: 43

Number of months to sell current actives at last month's sales pace: 9.9

 

Under $200,000

Homes for sale: 143

Pending or contingent listings: 23

Residential listings closed during the last month: 16

Number of months to sell current actives at last month's sales pace: 8.9

$200,000-400,000

Homes for sale: 223

Pending or contingent listings: 34

Residential listings closed during the last month: 24

Number of months to sell current actives at last month's sales pace: 9.3

Over $400,000

Homes for sale: 59

Pending or contingent listings: 6

Residential listings closed during the last month: 3

Number of months to sell current actives at last month's sales pace: 19.7

Even though it's not all sunshine and roses in the upper end market, with 3 closed sales last month, it's looking infinitely better than last month's Ooltewah real estate market report. In the $200-400k range, the number of closed sales doubled and even though inventory is significantly up, I'm calling that all good news.

Check out Ooltewah homes for sale if you think you might want to live here.

 

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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

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