Residential Stats for Month Ending January 2007
Posted in Chattanooga MLS Stats by Karen Rhodes on February 4th, 2007 We continue to see a steady increase across the board for average days on market, current inventory and number of months inventory available.
Sales and Inventory History
Category – Residential
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory |
| January | 2006 | 455 | $162,529 | $157,877 | 97.14% | 89.0 | 4260 | 9.36 |
| February | 2006 | 593 | $162,298 | $158,406 | 97.60% | 97.0 | 4356 | 7.35 |
| March | 2006 | 743 | $155,216 | $150,882 | 97.21% | 96.0 | 4442 | 5.98 |
| April | 2006 | 706 | $167,020 | $162,716 | 97.42% | 93.0 | 4660 | 6.60 |
| May | 2006 | 793 | $182,400 | $177,034 | 97.06% | 63.0 | 4772 | 6.02 |
| June | 2006 | 864 | $181,740 | $177,007 | 97.40% | 65.0 | 4966 | 5.75 |
| July | 2006 | 773 | $188,489 | $184,114 | 97.68% | 89.0 | 5072 | 6.56 |
| August | 2006 | 787 | $166,813 | $162,534 | 97.43% | 90.0 | 5269 | 6.70 |
| September | 2006 | 604 | $160,166 | $155,525 | 97.10% | 65.0 | 5395 | 8.93 |
| October | 2006 | 681 | $184,529 | $180,935 | 98.05% | 97.0 | 5440 | 7.99 |
| November | 2006 | 595 | $183,599 | $178,471 | 97.21% | 92.0 | 5449 | 9.16 |
| December | 2006 | 565 | $166,530 | $161,391 | 96.91% | 102.0 | 5307 | 9.39 |
| January | 2007 | 440 | $162,970 | $157,451 | 96.61% | 105.0 | 4902 | 11.14 |
| Note: | The "Current Inventory" column reflects the number of active listings on the market 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 month’s rate of sale. |
–Information deemed reliable but not guaranteed. This is a Broker opinion.–Copyright: 2007 by the Chattanooga Association of Realtors MLS
