Saturday, December 19, 2009

Chattanooga Real Estate Market Statistics for Hamilton County, Tennessee - November 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

Data gathered for November 1 – November 30, 2009

New Listings

In November, 482 single family listings in Hamilton County were added to the inventory of homes for sale. This was a 35.89% decrease from October 2009 and an increase of 10.58% from November last year.

Pending Sales

204 homes in Hamilton County received a pending status in November. This was 26% less than were pending sales for October 2009 and a 23.5% increase from the same month in the year prior.

Sold Listings

214 homes closed in Hamilton County in November. This was a 58.9% decrease from October 2009 and a 23.36% decrease from November last year.

Average Sold Price

In November, single family homes that sold in Hamilton County sold at an average of $166,738 which was a 7.68% increase from last month and a decrease of 13.94% when compared to the same month last year.

Days on Market

Of the homes which closed in November in Hamilton County, the average days on market were 111, a 25.23% decrease from a year prior and a decrease of 5.41% from last month.

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