Weekly Market
Activity Report
For the week ending August 14, New Listings in the
Chattanooga region were down 16.7 percent in year-over-year
comparisons as 250 properties Publish Date: August 23, 2010 Weekly Activity
Pending Sales . . . . . . . . . 3
New Listings . . . . . . . . . 2
Months Supply of Inventory
new came on the market.
Buyer activity remained above 2009 levels with 128 contracts
written last week, representing a 7.6 percent increase.
This helped to keep inventory levels lower than last year for the
seventh consecutive week. The number of Active Listings for
Sale was down 3.5 percent to 6,553 properties.
Based on July figures, those sellers who are still waiting for an
offer could expect to receive 90.8 percent of their list price and a
market time of 114 days, though this number has been coming
down in recent months. Median Sales Price remained at
$132,000 taking into consideration overall market activity.
Median Sales Price . . . . . . . . . 7
. . . . . . . . . 8
. . . . . . . . . 6
Most Recent Month
. . . . . . . . . 9
Percent of Original List Price Received
. . . . . . . . . 4
Housing Affordability Index
Active Listings
Days on Market Until Sale . . . . . . . . . 5
All data from the Chattanooga Association of REALTORS®. Reports are created and maintained by 10K Research and Marketing. 1