Tennessee Sales, Median Price Rise; Inventory Drops In April 2016

Tuesday, May 10, 2016
Single-family home sales in Tennessee rose 9.1% in April 2016 over the previous April (from 5,889 to 6,490), the median price rose 9.1% (from $171,000 to $186,600), and inventory dropped by 27.9% (from 32,455 to 23,401), according to statistics compiled by the Tennessee Association of Realtors (TNAOR). 

The trends were almost identical for condominium sales.

"These latest numbers suggest that fence-sitters may be poised to make the move to buy in light of shrinking inventory and concerns over interest-rate hikes.
By all indications, the busy spring and summer months look to be on a pace to surpass last year's overall totals in Tennessee," said Randy Durham, 2016 president of the Tennessee Association of Realtors.

New Options For Smaller Lot Sizes For Single Family Homes Still Under Discussion

Planning Commission Recommends Denial For Request By Rick Stern To Expand Hampton Creek Subdivision

Nashville Home Sales Show Dramatic Increase From This Time Last Year


In Chattanooga and Hamilton County and around the country there is a shortage of property for new housing, and to help, the Homebuilders Association of Greater Chattanooga has requested changes ... (click for more)

At the Planning Commission on Monday, homeowners in the Hampton Creek subdivision at 7502 Snow Hill Road spoke in opposition, along with their attorney John Anderson, to amending the subdivision’s ... (click for more)

Data for the month of April showed 4,119 home closings, according to figures provided by Greater Nashville Realtors. This figure indicates a 43 percent increase from the 2,887 closings reported ... (click for more)



Real Estate

New Options For Smaller Lot Sizes For Single Family Homes Still Under Discussion

In Chattanooga and Hamilton County and around the country there is a shortage of property for new housing, and to help, the Homebuilders Association of Greater Chattanooga has requested changes to zoning and requirements to allow smaller lots and greater density. The Homebuilders Association’s requests that were made to the Regional Planning Agency to accomplish this have ... (click for more)

Planning Commission Recommends Denial For Request By Rick Stern To Expand Hampton Creek Subdivision

At the Planning Commission on Monday, homeowners in the Hampton Creek subdivision at 7502 Snow Hill Road spoke in opposition, along with their attorney John Anderson, to amending the subdivision’s PUD. In February this year, homeowners said they found out through Facebook about a plan to change the PUD. The proposal by Rick Stern, who bought the golf course a year ago, was ... (click for more)

Breaking News

Homebuilders Executive Director Doug Fisher: Chattanooga Is In An Absolute Crisis In Terms Of Housing Inventory

"Chattanooga is in an absolute crisis in terms of housing inventory," Executive Director of the Homebuilders Association Doug Fisher said. It is the scarcity of homes on the market that is driving up prices to record levels, he said. In many cases when a home goes on the market, the seller winds up getting several offers well above the asking price. Mr. Fisher said, "Prices ... (click for more)

Man Charged With Killing Dog At Cross Creek Drive

An East Ridge man was taken into custody after being charged with taping a dog’s mouth shut and suffocating the animal. On March 17, police responded to an animal cruelty report at Cross Creek Drive. An officer spoke to the dog’s owner, who said he had left the animal with his grandfather. The owner told police that his grandfather knew what killed his dog. Police spoke to ... (click for more)

Opinion

What Is The Price Of Democracy? - And Response

Most United States citizens consider ourselves fortunate to live in a modern, mature democracy. We appreciate the great freedoms and abundant material things our democracy affords us. But while we all know the old adage that freedom is not free, neither is democracy. Our system depends on citizens’ being in ultimate control of the government through a written constitution with checks ... (click for more)

Roy Exum: The Saturday Funnies

OVERHEARD: Cracking an international market is a goal of most growing corporations. It shouldn't be that hard, yet even the big multi-nationals run into trouble because of language and cultural differences. Observe the following examples below: The name Coca-Cola in China was first rendered as Ke-kou-ke-la. Unfortunately, the Coke company did not discover until after thousands ... (click for more)