Home > Chattanooga Real Estate Market
Winter 2020 Market Update
Many people are moving to Chattanooga because of its outdoor activities, city growth, and employment opportunities. The market is very tight with seller’s, therefore making it a seller’s market. Plenty of buyers, very little sellers.
Average Sold Home Price: $175,000

Average Time on Market: 30-60 days

Best Selling Price Range: $200,000 - $249,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Decreasing

Multiple Offers? Yes

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 5-10%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Very tight market

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Job Growth

Nearest Metro Area: Chattanooga

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Mortgage Rates for Feb 18th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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19671 Beach Blvd. Suite 206
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1-888-832-2244
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(Because current market conditions can change rapidly in any given marketplace,
please check with Top Agent for current Chattanooga, TN market conditions before acting on this information.)
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