This Month in Real Estate - Chattanooga Market Activity - October

Chattanooga Home Sales 

As we enter the final quarter of 2016, not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline. There is little to indicate that the low inventory situation will resolve anytime soon. More. 

National Home Sales 

Existing-home sales ascended in October for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade according to the National Association of Realtors®. All major regions saw monthly and annual sales increases in October. More. 

Chattanooga home sales 2016
National home sales 2016

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-- Cheryl