Weekly Chattanooga MLS Market Report
For the week ending August 21, New Listings in the Chattanooga region were down 3.1 percent since the same week last year as 252 properties came onto the market.
Buyer activity remained above 2009 levels, as it has for 29 out of the 33 full weeks this year. There were 146 purchase
agreements signed last week, representing a whopping 36.4 percent increase over 2009.
This helped to keep inventory levels lower than last year for the eighth consecutive week. The number of Active Listings for Sale was down 3.6 percent to 6,559 properties. This marks the largest inventory decline in over a year (56 weeks to be exact).
Based on July figures, sellers received an average of 90.6 percent of their original list price after about 114 days on the market. Median Sales Price stands at $130,000, and the Months Supply of Inventory metric remains fairly elevated at 12.8 months.





