The Chattanooga real estate market in May continued to be strong.Chattanooga-Home-Sales-in-May-and-June

Median Chattanooga home sales prices were up 6.6%.

The Chattanooga homes for sale that were pending in the first 3 weeks of June were down by .1%  Over the past 3 months pending home sales have been up by .4%.

The Chattanooga real estate monthly supply of homes for sale was down 26% to 3.7 months of inventory.  A healthy real estate market is 6 months of inventory.

The Chattanooga TN homes for sale median sale price was up 6.6% in May and up 8.5% over the past 12 months.

The Chattanooga TN real estate days on the market was down by 17.6% in May.  Homes are selling more quickly, so you have to be on your toes as a home buyer right now.

Call the Walldorf Father/Son Team to help you buy or sell a home in Chattanooga, because the neighbor who just got their real estate license won’t be able to give you the same knowledge, experience, exposure, and protection as you buy or sell your home.

 

 

Data from the Chattanooga MLS service.