For those following Moving to Tennessee for Dummies, you're likely curious about the real estate market in East Tennessee.
Here's some stats:
KNOXVILLE MLS
DOM (days on the market):
There was an Average Days on the Market of 37 (2021) to 28 this year (2022).
Prices:
29% increase in "Average List Price" from March 2021-March 2022 and 22% increase in "Average Sale Price" for the same period.
Year to date (for those who wish to know how this year alone is shaping up), there is a 24% "Average List Price" over 2021/2022 YDT, and a 24% increase in "Average Sale Price" of YTD over last year 2021/2022.
CHATTANOOGA MLS
DOM:
There was an "Average Days on the Market" of 35 (2021) to 19 this year (2022).
Prices:
30% increase in "Average List Price" from March 2021-March 2022 and 20% increase in "Average Sale Price" for the same period.
Year to date (for those who wish to know how this year alone is shaping up), there is a 17% "Average List Price" 2021/2022 YDT, and a 21% increase in "Average Sold Price" of YTD 2021/2022.
It's like everywhere USA today, an ever-changing market....
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