Chattanooga Real Estate Blog

The Chattanooga region continued to enjoy increases in homes sales from year-ago levels while listing activity continued to decline – a combination that has kept inventory declining for 10 straight weeks. The outcome is a robust market with promising growth prospects for 2011.

For the week ending December 11, the 156 signed purchase agreements made for a 73.3 percent increase over last year. This is the fifth week out of the last six that have shown an increase.

On the seller side, New Listings continued to decline from last year. The 166 new homes for the most recent week marked a 7.3 percent decline from last year’s level. This was the 18th of the last 20 weeks of year-over-year declines in seller activity.

It should be noted that homes are taking slightly longer to sell. The November 2010 Average Days on Market of 131 is a 13.3 percent increase over November 2009.

This weeks Tennessee River trivia questions are

Q: How many miles of navigational channels are on the Tennessee River?
Q: Is the Tennessee River the first, second, third, fourth, fifth or sixth largest river system in the US?

Find the answers on my business page at facebook by clicking below and becoming a fan!

Karen Rhodes Realtor

I hope you enjoy this new section!  Each week I’ll have two questions about the Tennessee River.  You’ll be able to find to out if your answer is correct by visiting my business page on facebook. We’ll start with a couple of easy ones-

Q: Where does the Tennessee River begin?
Q: How long is the Tennessee River?

Karen Rhodes Realtor