The market summary for November shows that new listings on average are under contract within 20 days from the list date. Also, the average sold price is 98% of the listing price.
In a nutshell, the Chattanooga market continues to be red hot. It doesn’t appear that anything will be changing in the foreseeable future. The one unknown is how many foreclosures we will see due to the foreclosure moratorium being lifted, time will tell! Also, there is no reason to believe prices will pull back so if you find a property you like don’t wait!
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