We all want to make wise, data-driven real estate decisions, right? To do so, it’s never been more critical to look beyond headlines and view numbers through an informed and historical lens.
Are We in a Slow Down?
While the market is normalizing a bit, demand in our area has more than doubled in the last decade. 2022 marks the second highest number of homes sales in history in Hamilton County…just 5% below the all-time high in 2021 (YTD).
Where Are We Headed?
Here at home, inventory is still at a critical low level, but up 3% from this time last year. The Greater Chattanooga area continues in its most robust market in history, driven by affordability, growing job market and mild climate.
Soooo… is it a Buyer’s or Seller’s market?
We’ll explore that next time…