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February Residential Chattanooga MLS Stats

Posted in Chattanooga MLS Stats by Karen Rhodes on March 2nd, 2007

The number of available Chattanooga MLS listed homes on the market is up a little however so was the number of sales in February.  Days on market continues to be in the triple digits.

Sales and Inventory History

Category - Residential

Month

Year

 # Sales

 

Avg Sale $

Avg DOM

Curr Inventory

Months Inventory

January

2006

455

 

$157,877

89.0

4326

9.51

February

2006

594

 

$158,211

97.0

4431

7.46

March

2006

743

 

$150,882

96.0

4617

6.21

April

2006

706

 

$162,716

93.0

4784

6.78

May

2006

793

 

$177,034

63.0

4962

6.26

June

2006

864

 

$177,007

65.0

5060

5.86

July

2006

773

 

$184,114

89.0

5224

6.76

August

2006

788

 

$162,676

90.0

5414

6.87

September

2006

604

 

$155,525

65.0

5516

9.13

October

2006

683

 

$180,889

97.0

5605

8.21

November

2006

597

 

$178,799

92.0

5509

9.23

December

2006

566

 

$161,477

102.0

5272

9.31

January

2007

462

 

$158,554

106.0

5100

11.04

February

2007

501

 

$162,373

105.0

5313

10.60

 

 

 

 

 

 

 

 

Note: The "Current Inventory" column reflects the number of active listings on the market on the 16th 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 month’s rate of sale.

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