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February Residential Chattanooga MLS Stats

Posted in Chattanooga MLS Stats by Karen Rhodes on April 3rd, 2007

We saw an expected improvement across the board in March compared to February.  However, when we compare March 2006 to March 2007 we are continuing to see the trend of less sales, more inventory and longer days on the market.  We are entering what is typically the busiest time of year and I expect to see an improvement on our numbers next month.

Category – Residential

Month

Year

Monthly Sales

Avg DOM

Curr Inventory

Months Inventory

January

2006

455

89.0

4327

9.51

February

2006

594

97.0

4436

7.47

March

2006

743

96.0

4621

6.22

April

2006

706

93.0

4791

6.79

May

2006

793

63.0

4971

6.27

June

2006

864

65.0

5070

5.87

July

2006

773

89.0

5236

6.77

August

2006

788

90.0

5424

6.88

September

2006

604

65.0

5532

9.16

October

2006

683

97.0

5635

8.25

November

2006

600

92.0

5561

9.27

December

2006

567

101.0

5333

9.41

           

January

2007

466

105.0

5178

11.11

February

2007

545

103.0

5342

9.80

March

2007

678

101.0

5311

7.83

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