Chattanooga, TN

These stats are pulled from the 37421 & 37363 ZIP codes

All Ooltewah & East Brainerd Residential Real Estate Sales through the Chattanooga MLS

All active listings as of 11/5/09: 720

Pending or contingent listings (under contract) as of 11/5/09: 155

Residential listings closed (sold) during October 2009: 76

Number of months to sell current actives at October's sales pace: 9.5

Under $100,000

Active, residential listings: 29

Pending or contingent listings: 9

Residential listings closed during October 2009: 7

Number of months to sell current actives at October's sales pace: 4.1

$100,000-200,000

Active, residential listings: 266

Pending or contingent listings: 77

Residential listings closed during October 2009: 43

Number of months to sell current actives at October's sales pace: 6.2

$200,000-400,000

Active, residential listings: 315

Pending or contingent listings: 60

Residential listings closed during October 2009: 23

Number of months to sell current actives at October's sales pace: 13.7

Over $400,000

Active, residential listings: 110

Pending or contingent listings: 9

Residential listings closed during October 2009: 3

Number of months to sell current actives at October's sales pace: 36.7

What does all of this mean? It's been pretty hard to find anything for less than about $125k in this area for a while now and that shows in the 4.1 month supply of homes for under $100k. When something comes on the market it gets scooped up pretty quickly. Even going up to $200k, there's still only a 6 month supply. Of course, there's a disproportionate number of upscale and luxury homes in this area so you would expect it to be a little depressed given the state of the luxury real estate market in Chattanooga/Hamilton County. The upper end here is actually faring a little better than the rest of the area with a 37 month supply. Not great, but hey, I'm a glass half full kinda gal.

Chattanooga Area Homes for Sale - HomeCounter as of 11.02.09

• Total Number of active residential listings = 5,845 (down from last week)

Number of residential listings under contract = 804 (down from last week)

• Total Number of active residential Foreclosures, HUD, REO listings = 385 (down from last week)

Total Number of residential Foreclosures, HUD, REO listings under contract = 165 (down from last week)

Joel's Comments -

The Chattanooga area market seems to be leveling off somewhat. There are less homes for sale which means more inventory balance. The quanity of Foreclosures and REO homes for sale seem to be shrinking too. Their numbers are down in both categories--active and homes under contract.

Translation? This is good for sellers (less competition), but not as good for buyers (less good deals on homes for sale from which to choose).

For more Chattanooga area statistics, tips, information and resources, or to set up you own custom search of homes for sale please visit theprinciplegroup.net.

Last night two local teams, the Lady Bucs of Boyd-Buchanan and the Lady Lions of Red Bank, won state championships in high school volleyball. For Boyd-Buchanan this year was a return trip to the Class A state final. This year they won, completing a 20-0 season within their state classification.

The final match was 3-0.

For Red Bank, where my son played basketball and my daughter was on a state championship soft ball team, this is the first time in the class AA state final in 19 years. This is the first state title for the Red Bank volley ball team.

Red Bank won their final match 3-1, after fighting through the loser's bracket.

This past decade Red Bank has won state championships in football and in girls softball.

The MVP's were Stephanie Sivvvlvers for Boyd and Courtney Lawson for Red Bank.

Congratulations to both teams and both schools.

The gourd looks pretty good too.

Nothing like carving a pumpkin with a kid who has no idea why you are doing it

Ignore the facial expression, there's no way that you could avoid enjoying something like carving punkins!

I think he was just disappointed that it wasn't going to turn into pumpkin bread.

His grandmother has spoiled him that way.

With numerous good reports on the economic front over the last few weeks, many are starting to suggest that the recession is over. Jobs though continue to be a problem.

To answer questions about the impact of the stimulus program, the administration has announced that the stimulus is approaching 1,000,000 jobs saved or created. From the White House blog.

According to information on Recovery.gov, Tennessee has been an especially fortunate recipient of the stimulus funds.

Still, Tennessee's unemployment remains over 10% through September, despite the 1156 jobs identified as created by the stimulus. Some good news is starting to be announced locally. More on that later.

UPDATE STIMULUS IMPACT FOR TENNESSEE: Posted November 1, 2009

As promised the stimulus figures were updated on Recovery.gov. The new figures indicate that the stimulus has created over 640,000 jobs nationwide, and 9548 in Tennessee.