Hamilton County Real Estate Sales Soar To Above $3 Billion

Wednesday, January 15, 2020

Real estate sales in Hamilton County soared in 2019, rising almost 14 percent to just over $3 billion, Register of Deeds Marc Gravitt said.

The trend shows no signs of slowing down in the new year.

 "In just the past 14 days, we've recorded over $94 million in transactions, and over $177 million in mortgages."

Mr. Gravitt told members of the County Commission in a year-end report, "You all are well aware, Hamilton County's real estate market continues to increase. That is yet again confirmed based not only on the number of transactions and the sale amounts, but also the mortgage amounts we're seeing in the register's office."

Real estate sales in Hamilton County for the prior year were $2.68 billion.

The office saw an increase of just over 13 percent in the state conveyance tax. It rose to $11,212,857.

The mortgage tax was up more than 28 percent.

Mr. Gravitt said his office for 2019 remitted $15.7 million to the state Department of Revenue, while keeping just $386,925. He is pushing for the Legislature to raise the amount register offices get to retain.

After staff salaries and expenses, the register's office was able to remit surplus fees to the county general fund of $1.237 million.


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