What has the Oak Ridge, Tennessee housing market been doing the second quarter of 2008? Here are the most recent numbers. They indicate that there was a 35.53% increase in the number of houses sold and a 14% increase in the average price for a house over the first quarter of 2008. Also, the average days on market decreased by 17%, but the average price per square feet decreased by 11%. If you have any questions, give me a call. Cathy
| Oak Ridge, Tennessee Housing Market Study, Compliments Cathy Glass, Realtor® | |||||||||
| Second Quarter 2008 | |||||||||
| Number of homes SOLD | Average square feet | Average list price | Sales Price | Average Days on Market | List Price/Sale Price | Price per square foot | Low | High | |
| 999-, 2BR, 1BA | 9 | 708 | $52,799 | $49,310 | 104 | 93% | $70 | $42,000 | $70,000 |
| 999-, 3BR, 1BA | 4 | 896 | $67,675 | $65,075 | 58 | 96% | $73 | $30,000 | $80,000 |
| 1000-1499, 2-BR, 1+BA | 4 | 1222 | $88,850 | $87,475 | 48 | 98% | $72 | $75,000 | $104,900 |
| 1000-1499, 3+BR, 1BA | 12 | 1190 | $93,488 | $92,141 | 54 | 99% | $77 | $59,500 | $112,270 |
| 1000-1499, 3+BR, 2+BA | 7 | 1317 | $109,486 | $106,286 | 128 | 97% | $81 | $60,000 | $190,000 |
| 1500-1999, 3+BR, 1BA | 4 | 1762 | $126,800 | $121,450 | 50 | 96% | $69 | $115,900 | $139,900 |
| 1500-1999, 3BR, 2+BA | 12 | 1764 | $161,433 | $160,403 | 78 | 99% | $91 | $58,000 | $305,000 |
| 1500-1999, 4+BR,2+BA | 3 | 1700 | $112,083 | $108,467 | 102 | 97% | $64 | $91,000 | $115,500 |
| 2000-2499, 3BR, 1BA | 1 | 2000 | $119,900 | $116,000 | 127 | 97% | $58 | $116,000 | $116,000 |
| 2000-2499, 3BR, 2+BA | 3 | 2269 | $188,883 | $181,333 | 206 | 96% | $80 | $159,000 | $230,000 |
| 2000-2499, 4+BR, 2+BA | 6 | 2335 | $163,733 | $155,950 | 71 | 95% | $67 | $122,000 | $210,000 |
| 2500-2999, 3BR, 2BA | 3 | 2716 | $224,933 | $221,117 | 26 | 98% | $81 | $136,900 | $291,450 |
| 2500-2999, 4+BR, 2+BA | 9 | 2753 | $227,011 | $218,228 | 77 | 96% | $79 | $119,900 | $390,000 |
| 3000-3999 | 14 | 3405 | $257,082 | $247,850 | 113 | 96% | $73 | $129,000 | $435,000 |
| 4000+ | 5 | 4787 | $430,480 | $408,424 | 147 | 95% | $85 | $302,500 | $490,120 |
| Q2 Totals | 103 | 2047 | $165,091 | $159,365 | 87 | 97% | $78 | $30,000 | $490,120 |
Cathy Glass.com, TheRealeStatement.com, 865-483-4303, 865-384-8636, Cathy@CathyGlass.com
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