I counted the property transfers published by the Knox County Register of Deeds for the previous week and found 186 which is a little above the 150 or so average we’ve had for all of 2009 so far.

It seems the extension of the homebuyers tax credit is continuing to drive the lower end of our market (the $200,000 and under price points) and the upper end remains sluggish.

Knox County TN closed transactions

Knox County TN closed transactions

I’ve been reading lots of encouraging news about real estate markets all across the county and how they’re seeing increases in sales. Our market has shown one encouraging sign in the past 2 months in that sales have remained high instead of taking their usual seasonal downturn in the fall and winter months.

Let’s hope that trend continues, in past recessions real estate has been the force that drove the recovery.

Here’s some more statistical data from the National Association of Realtor’s research department.

Tennessee building permits

Tennessee building permits

As you can see from the huge drop off in building permits new construction is still in deep trouble.

What drives local supply and demand

What drives local supply and demand

And finally how Knoxville is doing relative to the rest of Tennessee

Comparing Knoxville sales to U.S. sales

Comparing Knoxville sales to U.S. sales

Visit www.KnoxvilleHomeCenter.com to see all of Knoxville’s homes for sale.

Please feel free to comment or ask any real estate related question you may have.

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