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Is Our Real Estate Market Turning?

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.
TN RANKINGS:
  • 2nd lowest tax burden in the U.S.
  • #8 in U.S. for in-bound migration; 306 people moving into Chattanooga for every 100 people moving out.
  • The driving force in today’s premium-priced Real Estate market is the basic law of supply & demand. Economists predict demand will likely exceed supply nationwide for the next 4-10 years keeping prices and values at a premium.

Soooo… is it a Buyer’s or Seller’s market?

We’ll explore that next time…

For more Current Market Data, a conversation about your real estate goals or a complimentary property valuation, our expert Team of Agents, Researchers, Marketers, and Contract Specialists would be honored to put our 2 decades of experience to work for you at 423.413.4507.
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  • 20 Years Serving TN, GA, AL
  • Top 1% in Sales, Greater Chattanooga
  • Chatt’s 1st Accredited Land Consultant: investment, recreational, development, conservation, agriculture
  • 10 Years  Licensed TN General Contractor
  • Elite Client Services: Award-Winning Marketing Specialists, Contracts Managers, Research & Logistics Experts
  • Relocation Specialists for University of TN Chatt, Erlanger Hospital
  • Realtors Land Institute, TN Board Member
  • 4-Generation Chattanoogan,
    Todd Henon

Todd Henon Properties 423.413.4507 direct Info@ToddHenon.com Keller Williams Realty Greater Downtown Realty 1830 Washington Street Chattanooga, TN 37408 423.664.1900

WHY US?

  • 20 Years Serving TN, GA, AL
  • Top 1% in Sales, Greater Chattanooga
  • Chatt’s 1st Accredited Land Consultant: investment, recreational, development, conservation, agriculture
  • 10 Years  Licensed TN General Contractor
  • Elite Client Services: Award-Winning Marketing Specialists, Contracts Managers, Research & Logistics Experts
  • Relocation Specialists for University of TN Chatt, Erlanger Hospital
  • Realtors Land Institute, TN Board Member
  • 4-Generation Chattanoogan,
    Todd Henon

CONTACT US

Todd Henon Properties 423.413.4507 direct Info@ToddHenon.com Keller Williams Realty Greater Downtown Realty 1830 Washington Street Chattanooga, TN 37408 423.664.1900