Median Sales Prices Increase in the Chattanooga Region

By HOM Editor

Greater Chattanooga Housing Report – June 2019

Prices in the Greater Chattanooga area continued to gain traction. The Median Sales Price increased 7.5 percent to $214,900. Days on Market was up 4.7 percent to 45 days. Sellers were encouraged as Months Supply of Inventory was down 11.1 percent to 3.2 months.

Posted by Home Ownership Matters on Thursday, July 18, 2019

Locally, in June New Listings in the Chattanooga region decreased 7.9 percent to 1,283. Pending Sales were up 11.1 percent to 982. Inventory levels shrank 6.3 percent to 2,794 units.

Prices continued to gain traction. The Median Sales Price increased 7.5 percent to $214,900. Days on Market was up 4.7 percent to 45 days. Sellers were encouraged as Months Supply of Inventory was down 11.1 percent to 3.2 months.

Read the full report from the Greater Chattanooga REALTORS®’s June 2019 Housing Market Statistics Report.


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