Home Sales In Chattanooga Decrease Slightly In 3rd Quarter

Thursday, November 8, 2012

The Multiple Listing Service (MLS) of the Greater Chattanooga Association of Realtors released statistical data covering the third quarter of 2012 on Thursday, with comparison figures for the previous quarter, and the same period of last year.

Unit sales in the third quarter showed a slight decrease of 2.4% from the second quarter of this year, but an encouraging 11.5% increase over the third quarter of 2011.

The Median Price indicator has shown a steady increase from the third quarter of 2011 of 1.8%, and a rise of .9% from last quarter. Average Days-On-Market is steadily decreasing, by 5.8% year-over-year, and 1.5% from the second quarter of 2012.

Foreclosure sales have also steadily declined within the Greater Chattanooga marketplace to a post-recession low point of 24.9%, a stark contrast from the 1-in-3 ratio prevalent during the worst of the recession.


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