Active 1st Quarter of 2021 in Chattanooga Real Estate
The Chattanooga real estate market in the first quarter of 2021 was great as Chattanooga continues to gain national notoriety as a great city to work from home.  Tennessee was Uhaul's number 1 growth state for one way truck rentals coming into the state in 2020.  The low inventory of homes that we have for sale in the Multiple Listing Service supports this fact.  As of March 23rd, there were only 664 homes available for sale.  In mid-March, the number of homes for sale in Chattanooga was down by 65.4% from 1 year ago.  The newly listed Chattanooga homes for sale are down by 8.2%.  The low inventory has lead to homes selling very close to their asking price if not over their asking price (most homes are selling for more than the asking price right now).  The percent of the original list price that people are receiving in February was 99%.  The average days that a home is on the market right now is only 39 days. The median sales price for Chattanooga homes was up by 10.4% in February.  The market has been very active in the first quarter of 2021 with home buyers waiting for homes to come on the market like what they are looking for.  It is a great time to sell a home. Call Chattanooga Realtor, Nathan Walldorf, to help you find a home. 423-544-7700