Market Updates

Jan. 21, 2020

How the 2019 Housing Market Ended in Chattanooga

How the 2019 Housing Market Ended in Chattanooga
The 2019 housing market in the Chattanooga area ended with a bang. Closed sales were up by 29% in December. The Walldorfs just sold a $900,000 home in December. It is more common to have a slow down in sales ...

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Posted in Market Updates
Dec. 29, 2019

Chattanooga Real Estate in 2020

Chattanooga Real Estate in 2020

Chattanooga job growth has been 7%.

Economic growth in 2020 will be lower than in the past few years, but there will be no recession in 2020 as the Federal Reserve has reversed their course on raising interest rates quickly.

Interest rates will still be ...

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Posted in Market Updates
Nov. 7, 2019

Chattanooga Luxury Home Sales Up in 2019

Luxury home sales in Chattanooga in 2019 are up from 2018 & 2017.  104 homes have sold in Hamilton County for over $800,000 in 2019 so far.  31 homes in 2018 sold for over $800,000 and 85 homes sold in 2017 for over $800,000.  ...

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Posted in Market Updates
Oct. 18, 2019

September Chattanooga Real Estate Market

September Chattanooga Real Estate Market

Little by little the average days that houses are on the Chattanooga real estate market has increased from July through September.  In September, the number of days a Chattanooga house is on the market jumped by 19%, which is a pretty large one month change ...

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Posted in Market Updates
Sept. 27, 2019

Chattanooga Real Estate Is Changing in the Fall

Chattanooga Real Estate Is Changing in the Fall
The spring real estate market was really busy and prices were high (in most areas of town).  As the summer came and people went on vacation, homes started to take a bit longer to sell. The August home sales just came in ...

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Posted in Market Updates
Aug. 28, 2019

Chattanooga Homes Take a Bit More Time to Sell in July

Chattanooga Homes Take a Bit More Time to Sell in July

The most telling statistic from the latest Greater Chattanooga Realtors real estate market report is that homes are spending 5% more days on the market in July.  Realtor are seeing the fast pace of real estate from the ...

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Posted in Market Updates
April 5, 2019

National Existing Home Sales Up 11.8%

The latest national existing home sales made one of the largest jumps ever in February. There was an 11.8% increase in existing home sales. Though existing home sales were up 11.8% February home sales were down from last February's home sale by 1.8%.  During February ...

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Posted in Market Updates
Feb. 28, 2019

2018 Chattanooga Home Sales Annual Report

2018 Chattanooga Home Sales Annual Report

2018 was a good year in Chattanooga real estate.  1.9% more Chattanooga homes sold in 2018 than in 2017. Homes sold at a feverish pitch through the spring and summer of 2018.  In August, home sales started to slow a bit ...

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Posted in Market Updates
Jan. 25, 2019

2019 Real Estate Predictions in Chattanooga

2019 Real Estate Predictions in Chattanooga, TN.

See what the professionals around the country think that 2019 will hold in real estate.

*Prices leveling off

*Fewer interest rate hikes

*Lots of Millennial home buyers

*A market slow down but with great fundamentals for the future real estate market

*A balanced ...

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Posted in Market Updates
Dec. 18, 2018

Chattanooga Homes Sales in November

Chattanooga Home Sales in November

In November of 2018, the number of closed home sales were down by 6.4%.  The minor slow down is attributed to affordability concerns as home prices continue to rise and as mortgage rates rise.  Rising mortgage rates make one's monthly payment ...

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Posted in Market Updates