Morristown, TN

In the month of December, there were 153 New Residential Single Family Home listings submitted to the Lakeway Area Association of Realtors. That's less new homes on the market as in November. The total number of Hamblen County Homes for sale on the market in November was nearly 850, but in December that number dropped to 682 total.

Of those 682 homes on the market, 90 Sold in the month of December. That's 13.2% Absorption rate for homes on the market. This is up from the last three months where only 10% of homes on the market were sold. Still, that's only 13 of every 100 homes are selling leaving 87 of every 100 still on the market. At this rate, if no more homes were placed on the market, Hamblen County would have enough homes available for buyers for the next 7.5 months.

Some price ranges are fairing better than others.

In November, houses between 100K and 120K were fairing well at 20% absorption rate. In December, 11 homes sold between 100K and 120K with only 54 on the market holding the absorption rate to 20% for this price range.

Continued Improvements were seen in the range between 200K and 250K with 44 on the market, 7 sold. Even though that's only 15% per month, that's nearly twice as many as last month when only 4 sold.

Between 300 and 350K with 16 on the market, only 1 sold. That's an absorption rate of 6.25 for this range (last month was 7%).

Overall, there is not a really significant change in the percentage of homes sold in any range, but the number of homes on the market has dropped as well as the number of buyers.

With numbers like these, it's clear that it is still a good time to buy, and still a challenging time to sell in Hamblen County.

The data used to compile these figures was gathered from the listing and sales data provided to Realtors and Members of the Lakeway Area Association of Realtors in Morristown Tennessee.

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Morristown TN Homes For Sale - The Elkins Home Selling Team with Exit Triple "E" Realty provides services with Morristown TN Real Estate For Sale and to home buyers and home sellers in Morristown Tennessee, Whitesburg, Talbott, Russellville, Sevierville, Bean Station, Dandridge, Pigeon Forge and surrounding communities.

We specialize in working with Home Sellers in getting their homes listed and sold. We utilize the latest and most up to date marketing materials in assuring the job gets done quickly and with the least amount of hassle. Our homes are listed on over 32 different Real Estate web sites including realtor.com, yahoo.com, trulia.com and many others.

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www.tnfixeruppers.com

Morristown TN Homes For Sale - The Elkins Home Selling Team with Exit Triple "E" Realty provides services with Morristown TN Real Estate For Sale and to home buyers and home sellers in Morristown Tennessee, Whitesburg, Talbott, Russellville, Sevierville, Bean Station, Dandridge, Pigeon Forge and surrounding communities.

We specialize in working with Home Sellers in getting their homes listed and sold. We utilize the latest and most up to date marketing materials in assuring the job gets done quickly and with the least amount of hassle. Our homes are listed on over 32 different Real Estate web sites including realtor.com, yahoo.com, trulia.com and many others.

Exit Triple"E"Realty

442 E. Economy Rd.

Morristown, TN 37814

Each office independently owned and operated.

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Morristown TN Homes For Sale - The Elkins Home Selling Team with Exit Triple "E" Realty provides services with Morristown TN Real Estate For Sale and to home buyers and home sellers in Morristown Tennessee, Whitesburg, Talbott, Russellville, Sevierville, Bean Station, Dandridge, Pigeon Forge and surrounding communities.

We specialize in working with Home Sellers in getting their homes listed and sold. We utilize the latest and most up to date marketing materials in assuring the job gets done quickly and with the least amount of hassle. Our homes are listed on over 32 different Real Estate web sites including realtor.com, yahoo.com, trulia.com and many others.

Exit Triple"E"Realty

442 E. Economy Rd.

Morristown, TN 37814

Each office independently owned and operated.

In the month of November, there were 216 New Residential Single Family Home listings submitted to the Lakeway Area Association of Realtors. That's less new homes on the market as in September. The total number of Hamblen County Homes for sale on the market in October was nearly 880 (Almost twice the number in September), but in November that number dropped to 843 total.

Of those 843 homes on the market, 106 Sold in the month of November. That's 12.5% Absorption rate for homes on the market. This is up from the last two months where only 10% of homes on the market were sold. Still, that's only 12 of every 100 homes are selling leaving 88 of every 100 still on the market. At this rate, if no more homes were placed on the market, Hamblen County would have enough homes available for buyers for the next 8 months.

Some price ranges are fairing better than others.

In September, houses between 100K and 120K were fairing better at 30% absorption rate, but that dropped to 10% in October due to an increase in listings in that range. The number of buyers dropped from 9 to 8 and the number of available homes rose from 30 to 80. In November, 17 homes sold between 100K and 120K with only 83 on the market doubling the absorption rate to 20% for this price range.

Improvements were seen in the range between 200K and 250K with 62 already on the market and 15 new listings, 8 sold. Even though that's only 1 in 10 per month, that's twice as many as last month when only 4 sold.

Between 300 and 350K with 28 on the market, only 2 sold. That's an absorption rate of 7% for this range (up from 3% last month).

With numbers like these, it's clear that it is still a good time to buy, and still a challenging time to sell in Hamblen County.

The data used to compile these figures was gathered from the listing and sales data provided to Realtors and Members of the Lakeway Area Association of Realtors in Morristown Tennessee.