Chattanooga Home Sales Increase By 15.4 Percent In April

Wednesday, May 22, 2013

The S&P/Case-Shiller Home Price Index showed that home prices in 20 major metropolitan areas had increased at the strongest pace since the bubble years. Major national indices are telling the story that local MLS data users have known for months or even years. The housing market is recovering. The recovery varies by geography and market segment, but things are certainly better than they have been and are showing no signs of letting up.

Closed Sales in Chattanooga rose an astounding 15.4%, closing with 645 residential units. New Listings in the Chattanooga region were up 9.8 percent to 1,180. Inventory shrank 8.2 percent to 4,826 units. Prices moved higher as the Median Sales Price was up 3.8 percent to $135,000.

Days on Market decreased 8.0 percent to 126 days, the twelfth consecutive month of year-over-year declines. Months Supply of Inventory was down 18.3 percent to 8.5 months, indicating that demand increased relative to supply.

GCAR President Mark Blazek said, “The prickliest thorns in our collective side are still lack of inventory and subdued listing activity. In some neighborhoods, consumers have 50 or 60 percent fewer options from which to choose than they did a few years ago. That's causing bidding wars in popular areas. Despite the competitive landscape for buyers, housing remains one of the brightest lights in an otherwise subdued economic recovery.”


Real Estate Transfers For Nov. 24-30

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

Robinson Realty Group To Participate In MainX24 Celebration With Artist Showcase

Robinson Realty Group,  A  Southside   real estate brokerage,  at   601 East Main Street, is presenting Dianne Blankenbaker and Lisa Seago in an artist showcase on  Saturday , from 1-4  p.m. , as part of the MainX24 celebration. Featured artists include photographer, Dianne Blankenbaker, ... (click for more)

Valerie Bray Pleads Guilty In Death Of Well-Known Runner Cameron Bean

A long-time Moccasin Bend Hospital employee pleaded guilty on Tuesday morning in connection with the death of well-known runner Cameron Bean. Ms. Bray pleaded guilty to criminally negligent homicide and leaving the scene of an accident with a fatality involved. Defense attorney Bill Speek said she faces one-two years on each charge at a sentencing hearing on Feb. 1 at 1:30 ... (click for more)

Officer Who Was Shot Returned Fire; Is Recovering Well; Shooter Still On Loose

Chattanooga Police Chief Fred Fletcher said Monday morning that the officer who was shot three times on Thursday is recovering well.   Chief Fletcher said the officer was wearing a bullet-proof vest and one bullet hit the vest, which protected him during the shooting.  The officer was able to return fire, although Chief Fletcher would not comment on how many bullets ... (click for more)

An Open Letter To Tennessee Electors Of The President - And Response (2)

This an open letter to the following people who are Tennessee's presidential electors this year: Joey Jacobs (Brentwood), Beth Scott Clayton Amos (Nashville), Jason Mumpower (Bristol), Susan Mills (Maryville), Liz Holiway (Harriman), Lynne Davis (Lascassas), Tom Lawless (Nashville), Mike Callahan (Monterey), Pat Allen (Clarksville), Shannon Haynes (Alamo), and Drew Daniel (Memphis).  ... (click for more)

Roy Exum: Abolish Bail For Poor

Our terribly overcrowded Hamilton County Jail may get some help from an unsuspected corner – the Obama administration is tackling the fact that right now over 450,000 people are in our country’s jails because they are too poor to pay for bail. It is a violation of the Constitution to “punish people for their poverty.” As the Eighth Amendment provides, “… excessive bail ought not ... (click for more)