Here’s more good news about the greater Chattanooga real estate market. I encourage you to read this article published by the Chattanooga Times Free Press on August 21, 2015.
Americans stepped up their home-buying for a third straight month in July, as sales accelerated to the strongest pace in eight years.
The National Association of Realtors said Thursday that sales of existing homes rose 2 percent last month to a seasonally adjusted annual rate of 5.59 million, the fastest rate since February 2007. Sales have jumped 9.6 percent over the past 12 months, while the number of listings has declined 4.7 percent.
In Chattanooga, home sales also rose in July by 2.3 percent from year-ago levels to 785 homes, even while the number of houses for sale plunged by 33.4 percent to 4,408, or 2,214 fewer than in July 2014. The Greater Chattanooga Association of Realtors said home sales in the first seven months of 2015 were up 12.8 percent to 5,054 — the best year since before the Great Recession hit the market. (Read the complete article…)