Ooltewah Real Estate Market Report for August 2010

Ooltewah Homes for sale in Windstone subdivisionEverything you see here is reliable but not guaranteed. These reports are almost as boring as the titles imply. This one covers ZIP code 37363 as reported to the Chattanooga MLS.

Ooltewah Real Estate Sales (All prices)

All Ooltewah Homes for Sale: 425
Pending or contingent listings (under contract): 63
Residential listings closed (sold) during the past month: 43

Number of months to sell current actives at last month’s sales pace: 9.88

Under $200,000

Homes for sale: 143
Pending or contingent listings: 23
Residential listings closed during the last month: 16

Number of months to sell current actives at last month’s sales pace: 8.94

$200,000-400,000

Homes for sale currently: 223
Pending or contingent listings: 34
Residential listings closed during the last month: 24

Number of months to sell current actives at last month’s sales pace: 9.29

Over $400,000

Homes for sale currently: 59
Pending or contingent listings: 6
Residential listings closed during the last month: 3

Number of months to sell current actives at last month’s sales pace: 19.67

The absorption rate (# of months to sell current homes for sale at last month’s pace) went up significantly for the lower end of the market and down by quite a bit for the upper end of the market compared to last month’s Ooltewah real estate report. Even though I’d like to see if go down all the way around, I’m calling that very good news, especially considering that most of the Ooltewah homes for sale tend to lean toward the upper end. We even had a few closings in the over $400k range. Woohoo to that!

Check out Ooltewah homes for sale to see what’s out there just waiting to be loved right now.

[mappress]