Chattanooga MLS Stats August 2007
Posted in Chattanooga MLS Stats by Karen Rhodes on September 11th, 2007 Woo Hoo!
Sales were up in August by 5% over July numbers! Enjoy that sentence because it’s the only good thing we have to report.
The difference of 100 closings from August 2006 and August 2007 is a 13% decrease. Available listings continue to climb with a 15% increase from last August. We still have a 9 month supply of homes available.
I may start breaking the figures down into different areas or price ranges. The stats that I give are for the entire MLS and it’s very general.
Category - Residential
|
Month |
Year |
Monthly Sales |
Avg DOM |
Curr Inventory |
Months Inventory |
|
January |
2006 |
455 |
106.0 |
4270 |
9.38 |
|
February |
2006 |
594 |
111.0 |
4374 |
7.36 |
|
March |
2006 |
743 |
110.0 |
4467 |
6.01 |
|
April |
2006 |
708 |
108.0 |
4691 |
6.63 |
|
May |
2006 |
793 |
98.0 |
4812 |
6.07 |
|
June |
2006 |
864 |
100.0 |
5013 |
5.80 |
|
July |
2006 |
774 |
107.0 |
5130 |
6.63 |
|
August |
2006 |
789 |
103.0 |
5337 |
6.76 |
|
January |
2007 |
468 |
120.0 |
5175 |
11.06 |
|
February |
2007 |
551 |
116.0 |
5426 |
9.85 |
|
March |
2007 |
728 |
115.0 |
5547 |
7.62 |
|
April |
2007 |
655 |
113.0 |
5723 |
8.74 |
|
May |
2007 |
771 |
117.0 |
5788 |
7.51 |
|
June |
2007 |
714 |
104.0 |
5894 |
8.25 |
|
July |
2007 |
654 |
106.0 |
6118 |
9.35 |
|
August |
2007 |
689 |
116.0 |
6220 |
9.03 |
Note:
on the 1st day of each Month.The "Months of Inventory" column is equal to
the "Current Inventory" divided by the "Monthly Sales". This reflects how many months
it would take to sell out of inventory at the current months rate of sale.
