LOCAL Real Estate Sales Results

By
Real Estate Agent with Keller Williams Realty

One of the most common questions I hear as a Realtor is "How is Real Estate in Chattanooga?"  This is an excellent question, since real estate is a LOCAL business that varies by market and even segments of a market.  To answer that question today and going forward, I will publish portions of the press release of home sales from the Greater Chattanooga Association of Realtors. 

- "December 22, 2010 - The local real estate market continued its year-end lackluster performance according to data released by the Multiple Listing Service (MLS) of the Greater Chattanooga Association of REALTORS®. In November of this year, Southeast Tennessee and the Northwest Georgia area saw the sale of 371 residential units, a 13.1% decrease compared to the previous month's sales, and a decline of 27.1% from the same period of last year."  The article continues "Median price in the greater Chattanooga market declined 3.8% from the same period twelve months ago, and a saw a sharper drop of 8.6% from only a month before.

The news however is not all gloom for Chattanooga, as Year to Date sales are running 4.1% ahead of the same period for 2009. 

So now you know, how are Real Estate Sales in Chattanooga!

 

 

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