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. In other words, homes are taking a bit longer to sell right now.
Closed Chattanooga home sales were still up in September by 11.5%. That leads me to believe that lower priced homes are still still selling quickly and for more money, but the more expensive homes are taking more time to sell.
In September, Chattanooga home sellers also got an incremental % less (-.5%) of the % of the list price.
The Chattanooga real estate market is still a good market with good market fundamentals, but the market has slowed some since the spring. Turmoil in Washington, D.C. may be playing a small role on consumer confidence as well.
Call Nathan Walldorf at 423-544-7700