New Listings Increase in Chattanooga
New Listings in the Chattanooga region increased 18.4 percent to 1,428. Pending Sales were up 13.8 percent to 1,072. Inventory levels grew 3.0 percent to 2,648 units.
Prices continued to gain traction. The Median Sales Price increased 11.5 percent to $199,000. Days on Market was down 10.5 percent to 51 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.1 months.