Ooltewah, TN

Welcome to Ralph's Weekly Feature: Two Truths and a Lie: Guess Which One Is The Lie?

Each week, I'm going to feature one Active Rain Member, with their photo, and what they are going to do is tell you 2 Truths about them and 1 Lie.

The object of the game is to guess which of the 3 bits of trivia about them is a lie!

I will post the answer in that same blog at the end of the week on Fridays so you can all find out!

It's a great way to get to know your fellow Active Rain members and staff.

This week, we will be featuring: Julia Odom

Julia is an agent with Select Realty Professionals, based out of Cleveland, Tennessee. She has an extensive background with HUD, and covers Hamilton County: Ooltewah, Collegdale, East Ridge, Lookout Mountain, Signal Mountain, Soddy Daisy, Hixson & Middle Valley or northwest Georgia: Fort Oglethorpe, Rossville, Ringgold, Chickamauga & Lafayette.

OK, Here goes:

I graduated from high school at age 15.

It took me 12 years to finish my bachelor's degree.

I went to the Olympic trials for gymnastics in 1988 but didn't make the team.

OK, gang. Tell me which one is the lie!

Remember, for those members who guess the most amount of correct lies at the end of the month, you will be awarded 1,500 Bonus Points! If there is a tie, each member who ties will be awarded 1,000 Bonus Points!

(Also, for those of you who would like to be featured, let me know, send me your 2 Truths And a Lie without telling me which is the lie and I will put you on the list - remember! make them good ones!)

Everything you see here is reliable but not guaranteed. These reports are almost as boring as the titles imply. This one covers ZIP code 37363 as reported to the Chattanooga MLS.

Ooltewah Real Estate Sales (All prices)

All Ooltewah Homes for Sale: 425

Pending or contingent listings (under contract): 63

Residential listings closed (sold) during the past month: 43

Number of months to sell current actives at last month's sales pace: 9.88

Under $200,000

Homes for sale: 143

Pending or contingent listings: 23

Residential listings closed during the last month: 16

Number of months to sell current actives at last month's sales pace: 8.94

$200,000-400,000

Homes for sale currently: 223

Pending or contingent listings: 34

Residential listings closed during the last month: 24

Number of months to sell current actives at last month's sales pace: 9.29

Over $400,000

Homes for sale currently: 59

Pending or contingent listings: 6

Residential listings closed during the last month: 3

Number of months to sell current actives at last month's sales pace: 19.67

The absorption rate (# of months to sell current homes for sale at last month's pace) went up significantly for the lower end of the market and down by quite a bit for the upper end of the market compared to last month's Ooltewah real estate report. Even though I'd like to see if go down all the way around, I'm calling that very good news, especially considering that most of the Ooltewah homes for sale tend to lean toward the upper end. We even had a few closings in the over $400k range. Woohoo to that!

Check out Ooltewah homes for sale to see what's out there just waiting to be loved right now.

Everything you see here is reliable but not guaranteed. These reports are fascinating if you care, painful to read if you don't! This one covers ZIP code 37363 as reported to the Chattanooga MLS.

Ooltewah Real Estate Sales (All prices)

All active Ooltewah homes for sale: 425

Pending or contingent listings (under contract): 63

Residential listings closed (sold) during the past month: 43

Number of months to sell current actives at last month's sales pace: 9.9

Under $200,000

Homes for sale: 143

Pending or contingent listings: 23

Residential listings closed during the last month: 16

Number of months to sell current actives at last month's sales pace: 8.9

$200,000-400,000

Homes for sale: 223

Pending or contingent listings: 34

Residential listings closed during the last month: 24

Number of months to sell current actives at last month's sales pace: 9.3

Over $400,000

Homes for sale: 59

Pending or contingent listings: 6

Residential listings closed during the last month: 3

Number of months to sell current actives at last month's sales pace: 19.7

Even though it's not all sunshine and roses in the upper end market, with 3 closed sales last month, it's looking infinitely better than last month's Ooltewah real estate market report. In the $200-400k range, the number of closed sales doubled and even though inventory is significantly up, I'm calling that all good news.

Check out Ooltewah homes for sale if you think you might want to live here.

Everything you see here is reliable but not guaranteed. I try to liven 'em up but if you aren't truly interested in Ooltewah, you might want to skip the snoozefest. This report covers ZIP code 37363 as reported to the Chattanooga MLS.

Ooltewah Real Estate Sales (All prices)

All active listings: 393

Pending or contingent listings (under contract): 57

Residential listings closed (sold) during the past month: 31

Number of months to sell current actives at last month's sales pace: 12.7

Under $200,000

Active, residential listings: 140

Pending or contingent listings: 25

Residential listings closed during the last month: 19

Number of months to sell current actives at last month's sales pace: 7.37

$200,000-400,000

Active, residential listings: 190

Pending or contingent listings: 26

Residential listings closed during the last month: 12

Number of months to sell current actives at last month's sales pace: 15.8

Over $400,000

Active, residential listings: 63

Pending or contingent listings: 6

Residential listings closed during the last month: A big 'ol goose egg

Number of months to sell current actives at last month's sales pace: Infinity (and beyond?)

Like the rest of the upper end real estate market around Chattanooga, Ooltewah is still hurting. The fact that, if you can find something for less than $200k, you can sell it pretty quickly is a reflection that people want to live in Ooltewah. But with the biggest part of the buying public these days being first time buyers, that huge house in Hampton Creek or Windstone just isn't attracting buyers very quickly. I think it's going to be a while before we see the upper end market improving. Until it does, Ooltewah is going to keep hurting. Of course, that means that if you are looking to buy in the $350,000 and up range, you'll have lots of choices and perhaps more negotiating room than in days gone by.

Check out Ooltewah homes for sale if you think you might want to live here.