published Friday, August 19th, 2011

Local home sales rise

Home sales and prices rose in Chattanooga last month from their year-ago levels, bucking a nationwide slowdown in the housing market.

The Greater Chattanooga Association of Realtors reported Thursday that local real estate agents sold 524 houses in July, up 17.5 percent from a year ago. The median price of single-family homes sold locally was up by 9.4 percent in the past year to $142,145.

“Clearly, we are going against the trends we’re seeing nationally, and our market is setting its own pace,” said Jennifer Grayson, president of the Chattanooga Realtors group.

Despite the gains over last year, however, July home sales were still nearly 2 percent below the number of dwellings sold in June. The average length of time it takes to sell a listed home, 118 days, was up 18 days from the year-ago period.

about Staff Report...

Get breaking news from the Times Free Press on Twitter at www.twitter.com/timesfreepress or by visiting us on Facebook or Twitter at the right:

Comments do not represent the opinions of the Chattanooga Times Free Press, nor does it review every comment. Profanities, slurs and libelous remarks are prohibited. For more information you can view our Terms & Conditions and/or Ethics policy.
please login to post a comment

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.