Hamilton County Real Estate Market Stats for October 2009

Yep, I'm still a real estate geek

All Hamilton County Residential Real Estate Sales through the Chattanooga MLS

All active listings as of 11/5/09: 2,705 Pending or contingent listings (under contract) as of 11/5/09: 464 Residential listings closed (sold) during October 2009: 305 Number of months to sell current actives at October's sales pace: 8.9

Hamilton County, under $100,000

Active, residential listings: 591 Pending or contingent listings: 113 Residential listings closed during October 2009: 85 Number of months to sell current actives at October's sales pace: 6.9

Hamilton County, $100,000-200,000

Active, residential listings: 1,004 Pending or contingent listings: 222 Residential listings closed during October 2009: 150

Number of months to sell current actives at October's sales pace: 6.7

Hamilton County, $200,000-400,000

Active, residential listings: 749 Pending or contingent listings: 102 Residential listings closed during October 2009: 63

Number of months to sell current actives at October's sales pace: 11.9

Hamilton County, over $400,000

Active, residential listings: 361 Pending or contingent listings: 27 Residential listings closed during October 2009: 7 Number of months to sell current actives at October's sales pace: 51.6

What does all of this mean? Another very small drop (~50) in inventory for October but the exact same number of sales as in September (couldn't do that again if we tried). The under $200k market remains in reasonably good shape for the most part. No real change in the numbers for either under $100k or $100-200k. $200-400k is pretty much unchanged as well. The luxury market? Well, unfortunately it hasn't changed much either. Sales fell but pendings went up more than sales fell so that could just be an indication that it's taking a little longer to close these than expected. If you've got a house in this range, prepare to wait out the market or reduce your price significantly. The good news? If you're looking to buy at this end of the Chattanooga real estate market, you might be in for some good deals.