Market Updates

Dec. 16, 2020

November 2020 Chattanooga Home Sales

November was a busy month for Chattanooga Realtors as pending Chattanooga home sales were up by 10.3% and closed Chattanooga home sales were up by 19.3%.  The days that homes were on the market in Chattanooga was down by 30%.  Median home sale prices in Chattanooga ...

View More
Posted in Market Updates
Nov. 24, 2020

Nathan Walldorf Earns the NAR Sterling R

Nathan Walldorf earned the National Association of Realtors (NAR) Sterling R this week through his efforts to support Realtor advocacy and to protect every American's property rights.  RPAC is a non-partisan group that supports political candidates based on their support of property rights.  NAR says of it ...

View More
Posted in Market Updates
Nov. 20, 2020

2021 Housing Forecast

The National Association of Realtors chief economist is predicting more job growth in 2021 as well as a rise in GPD. Chattanooga had one of the lowest job loss rates in the state of Tennessee according to the Chattanooga Times Free Press. Existing home sales have bounced back sharply, since ...

View More
Posted in Market Updates
Nov. 9, 2020

What will the Real Estate Market Look Like in the Winter of 2020

What will the Real Estate Market Look Like in the Winter of 2020?

The National Association of Realtors Chief Economist, Lawrence Yun, predicts that residential real estate will continue to sell well in the winter months.  Typically, Chattanooga home sales slow down during the winter.  Yun says that ...

View More
Posted in Market Updates
July 20, 2020

Now is the Time to Sell Your Home

Now is the time to sell!
Home sales took a huge spike in June.  Homes pending sale were up by 41.9%! Closed sales were up by 8.7% after people went back to home shopping in May. The number of homes for sale is down by 42%.  ...

View More
April 24, 2020

How's the Market?

People ask me all the time what is happening in real estate, so I try to be prepared for that answer.  I know that God has provided a bunch of sales for me coming into the Shelter in Place Order, but there are many Realtors who have not been ...

View More
Posted in 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 ...

View More
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 ...

View More
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.  ...

View More
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 ...

View More
Posted in Market Updates