Home Sales Up 2.1 Percent In December

Tuesday, January 22, 2013

Home sales in Chattanooga rose in December, according to a report from the Greater Chattanooga Association of Realtors.

New listings in the Chattanooga region were up 10.2 percent to 581. Closed sales rose 2.1% finishing the month with 496 residential units sold. Inventory shrank 8.0 percent to 4,534 units.

Prices turned higher as the median sales price was up 9.6 percent to $142,500. Days on market decreased 2.9 percent to 132 days. Months supply of inventory was down 21.4 percent to 8.1 months, indicating that demand increased relative to supply.

Meanwhile, third quarter GDP was upwardly revised to 3.1 percent and several prominent housing indices continue to showcase market turnaround. 

GCAR President Mark Blazek said, “Momentum is on our side. Remember, it won't necessarily be fast, consistent nor universal, but recovery appears to be here to stay. After five or six challenging years, it's a welcomed change of pace.”


Real Estate Transfers For Oct. 9-15

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

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Erlanger Refinancing To Provide Cash For New Children's/Women's Hospital, $50 Million Erlanger East Expansion, $8.5 Million Surgical Improvements

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Legendary radio broadcaster Luther Masingill died early Monday morning at Memorial Hospital surrounded by family and friends. He was 92 and had been on the air for a record 74 years. Funeral services will be held on Thursday at Historic Engel Stadium, 1130 E 3rd St., at 2 p.m. with Pastor Todd McElyea officiating.   Honorary pallbearers will be the staff at ... (click for more)

Chattanooga Has Lost Its Most Popular Citizen - Luther Masingill

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Roy Exum: UT Ain’t Heard Nothing Yet!

Just moments before Florida would seal a football 10-9 victory over Tennessee in early October, the student section in Neyland Stadium stooped to a new low when it vociferously chanted, “F*** you, Florida! F*** you, Florida!” It was shocking, a loud and vulgar display of all that sportsmanship isn’t, and served as a great embarrassment to Knoxville and the university. Jimmy Cheek, ... (click for more)