Knoxville Tennessee housing market conditions
The March 2007 Sales Report for Knoxville Tennessee real estate has just been released by the Knoxville Area Association of REALTORS®.
It shows an increase in volume from the previous months; total residential units (single family homes & condos) jumped up to 1,346 compared to February’s 1,114 and January’s total of 958.
That’s still down from the same time period last year when we had sold and closed 1,493 but any increase is a good increase.
Days on the market has increased too. In January of this year it took an average of 91 days to sell a Knoxville area home; in February that number jumped up to 94, and for March of 2007 it has jumped again to 96 days.
Debbie Nieto
I talked with my favorite Knoxville mortgage banker, Debbie Nieto of CTX Mortgage Company and she says their benchmark 30 year fixed rate product is still hovering around the 6% or so range.
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There are currently just a little over 11,000 single family homes and condos on the market in the greater Knoxville, Tennessee area so if you’re thinking of buying now would be a great time to get in the market.
You can view all these homes online via my website, www.KnoxvilleMLS.com
If you see one or two you’re interested please give me a call or email and we’ll go have a look; it might be just the one you’ve been waiting.
If you want to talk about buying or selling just give me a call or email; I’m here to serve you.
