Home Sales Up 11.6 Percent Over April The Previous Year

Monday, May 21, 2012

The local real estate market continued to improve throughout the month of April, according to data released by the Multiple Listing Service (MLS) of the Greater Chattanooga Association of Realtors (GCAR).

 

Statistics for April indicated that the Southeast Tennessee and the Northwest Georgia area saw the sale of 540 residential units, an 11.6 percent year-to-year growth from the same period of 2011, while increasing 2.2 percent compared to the previous month’s sales.

 

Mark Hite, GCAR President added, “April Showers didn’t keep the homebuyers indoors.

April indicated yet another month of consistent increases, a trend we look to carry into the month of May.”  

Also in the month of April, the medium home price was $130,000. That represents a steady rise of 5.5 percent compared to the previous year and slight decrease of 1.5 percent from the previous month.

 

The average days on market maintained its position at 136 days, a 0.7 percent increase from last year's mark and consist with last months total. Absorption rates improved as the Months Supply of Inventory was down 27.8 percent to 9.6 months.

 

“In uncertain economic times nationally, each month, the Greater Chattanooga area continues to shine as a beacon of light for families seeking a destination of excitement and prosperity.” Mr. Hite said.


Real Estate Transfers For Sept. 16-22

Chattanooga Housing Authority Unveils Newly Renovated Cromwell Hills And Emerald Villages

Robert Backer: Keeping Realtor Safety Top Of Mind Throughout The Year


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 ... (click for more)

The face of public housing in Chattanooga continues to change with the completion of renovations at Cromwell Hills Apartments and redevelopment of units scattered throughout four outdated CHA ... (click for more)

September is winding down, and soon Realtor Safety Month will be behind us for another year. But before it’s gone, I want to take one last opportunity to focus on safety, as this topic is vital ... (click for more)



Real Estate

Real Estate Transfers For Sept. 16-22

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) in ... (click for more)

Chattanooga Housing Authority Unveils Newly Renovated Cromwell Hills And Emerald Villages

The face of public housing in Chattanooga continues to change with the completion of renovations at Cromwell Hills Apartments and redevelopment of units scattered throughout four outdated CHA sites comprising Emerald Villages. Over 200 units were redeveloped and repaired with over $58 million of investment. Funds for the projects came from a variety of city, state and federal ... (click for more)

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