Sunday, November 22, 2009

Chattanooga Real Estate Market Statistics for Hamilton County - October 2009

Real Estate Market Update for:

Hamilton County, Tennessee

Including the cities of Chattanooga, East Ridge, Red Bank, Signal Mountain, Soddy-Daisy, Collegedale and Lookout Mountain, Tennessee

Data gathered for October 1 – October 31, 2009

New Listings

In October, 655 single family listings in Hamilton County were added to the inventory of homes for sale . This was a 3.05% increase from September 2009 and an increase of 15.11% from October last year.

Pending Sales

257 homes in Hamilton County received a pending status in October. This was 31.9% more than were pending sales the same month in the year prior.

Sold Listings

340 homes closed in Hamilton County in October. This was a 1.18% decrease from September 2009 and a 6.76% increase from October last year.

Average Sold Price

In October, single family homes that sold in Hamilton County sold at an average of $153,933 which was a 5.42% decrease from last month and a decrease of 19.58% when compared to the same month last year.

Days on Market

Of the homes which closed in October in Hamilton County, the average days on market were 117, a 5.13% decrease from a year prior and .85% from last month.

Information has been compiled from data of the Chattanooga MLS. Information is deemed reliable but is not guaranteed.