These numbers cover all of Hamilton County (not just Chattanooga) as reported to the Chattanooga MLS.
Chattanooga Real Estate Sales (All prices)
All Chattanooga homes for sale: 2,825
Pending or contingent listings (under contract): 711
Residential listings closed (sold) during the past month: 336
Number of months to sell current homes for sale at last month’s sales pace: 8.4
Hamilton County, under $100,000
Chattanooga homes for sale: 581
Pending or contingent listings: 192
Residential listings closed last month: 79
Number of months to sell current homes for sale at last month’s sales pace: 7.4
Hamilton County, $100,000-200,000
Chattanooga homes for sale: 1,038
Pending or contingent listings: 315
Residential listings closed during the last month: 169
Number of months to sell current homes for sale at last month’s sales pace: 6.1
Hamilton County, $200,000-400,000
Chattanooga homes for sale : 791
Pending or contingent listings: 167
Residential listings closed during the last month: 71
Number of months to sell current homes for sale at last month’s sales pace: 11.1
Hamilton County, over $400,000
Current Chattanooga homes for sale: 415
Pending or contingent listings: 37
Residential listings closed during the last month: 17
Number of months to sell current homes for sale at last month’s sales pace: 24.4
Check out the last Chattanooga real estate market report I did for July. My overall impression: meh. Slight decrease in the absorption rate (number of months to sell current homes for sale) from the top to the bottom. Nothing startling either way. I’d hoped to see a pretty big recovery from last month’s abysmal disappointing numbers. I didn’t. Better luck next month…
