According to the National Association of REALTORS®, Median Sales Price of Existing Single-Family Homes for Metropolitan Area Report, the median home sales price in Knoxville, TN in 2011 is $142,900 which is down from $149,100 back in 2008.
With interest rates at an all time low and still fluctuating around 4% there has not been a better time to buy in the Knoxville, TN area. Competition is stiff and a decreased number of buyers has forced Sellers that are serious about selling to get their homes in top notch showing conditions. As a result Buyers are in a unique position to obtain a home for a lower price tag, a lower interest rate, and a home in much better condition than in the past years.
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Click Here to view all Knoxville Homes for Sale $500K +
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