Many great things happened for the real estate market in 2013 including increased sales, higher home prices and less foreclosures.
Crye-Leike’s Chattanooga agents recently heard lots of positive real estate news at the company’s annual kickoff meeting it holds to rally agents to have a productive new year. Crye-Leike Realtors heard a market update from Crye-Leike cofounder and CEO Harold Crye who also congratulated the agents on their sales success in 2013.
Crye-Leike realtors had a good year, achieving a $5.2 billion sales volume in 2013 which was a total 16% higher than 2012 when the company had a $4.5 billion sales volume. Crye-Leike’s sales were up in 2013 by $700 million and its realtors helped the company sell 30,471 properties.
Locally in Chattanooga, Crye-Leike agents achieved a $405 million sales volume from selling 2,737 properties in 2013.
“We’re happy the real estate market continued to strengthen in 2013 and thankful to our agents for helping Crye-Leike surpass its sales goals for the year,” said Harold Crye. “We set a goal to have $5 billion in sales last year and we exceeded that total. We are optimistic the market will continue to improve in 2014, but Crye-Leike is still setting an achievable goal to have $5.5 billion in sales for this year.”
Mr. Crye said, “Rising interest rates and home prices will create some challenges for the market. Because of those things, home affordability has already started to decline, but the good news is home affordability is still the best it has been in 5 years.”
With Crye-Leike selling 2,406 more properties in 2013 than it did in 2012, company associates hope that 2014 will bring more increased sales.
“We thank our agents for the terrific job they do of caring for our customers and helping Crye-Leike remain the #1 leading real estate company in the Mid-South,” said Mr. Crye. “Homeownership is a powerful part of life and we encourage everyone to keep striving to achieve their dream of becoming a homeowner as we expect the 2014 market to once again see improvements.”