As a Realtor®, one of the most common question I get asked is "how's the Knoxville real estate market". I decided it would be nice to go ahead and provide some information about the current Knoxville County Real Estate market. As an incredibly analytical person myself, I find that numbers sometimes tell a better story than just words. So for all those analytical/number people out there- this story is for you! Please note that these stats that I will be showing below are taken from the Knoxville Association of Realtors® and include only single family residence homes that are/or have been listed in the Knoxville MLS. Also, for comparison purposes I am only using data taken from January 1, 2009 to June 30, 2009.
|
Active Listings |
3879 |
|
Closed Listings (1/1/09-6/30/09) |
1820 |
|
Absorption Rate |
12.79 |
So what does this all mean? What this shows is that Knox County TN as a whole (all subarea and all prices) has an average of 12.79 months of inventory. Therefore, if you getting ready to list your home you want to make sure you hire a Realtor® who has a great understanding of the local market and can provide you with a through Comparative Market Analysis to make sure that your home has a list price that will allow your home to sell, as even the best marketing in the world will not sell your overpriced listing, but may very well sell all of your neighbors homes.
**If you are not quite sure what an absorption rate is check her for a detailed explaination: Absorption Rates and How it Affects Sellers.
In the Knoxville TN area real estate was not exactly best these past 6 months, but things have really started to pick up lately. How much has it improved as a whole this past month- well let me just show you the numbers.
|
Current Active Listings |
3879 |
|
Closed Listings |
352 |
|
Absorption Rate |
11.01 |
Keep in mind real estate is and always has been all about location, location, location. There are some areas and price ranges within Knox County that have improved significantly while others have not changed too much. Please click on the designated subareas below for data specific to each Knox County TN subarea.
Knox County Subareas (click on a subarea to view Market area stats specific to each subarea) Please bookmark this page and check back often as this valuable resource is a work in progress.
- North Knoxville
- East Knoxville
- Holston Hills / Chilhowee Park
- South Knoxville
- Norwood / Cumberland Estates / Pleasant Ridge
- Fountain City
- Halls
- Gibbs
- Carter
- South Doyle
- Westmoreland / West Hills / Riverbend / Sequoyah Hills
- Concord / Bluegrass
- Cedar Bluff
- Northshore / Choto
- Farragut City
- Lovell Road / Campbell Station
- Hardin Valley
- Karns
- Powell
Interested in Selling your Knoxville TN home contact Christine McInerney and Jennifer Halinkowski today. We provide a free no obligation Compartative Market Anaylsis and detailed Market report.
Instantly search all properties for sale in the Knoxville TN and surrounding areas now!
www.HomesForSaleKnoxville.com
Visit Christine McInerney and Jennifer Halinkowski with Keller Williams Realty on-line at:
www.HomesForSaleKnoxville.com and www.KnoxvilleReal-Estate.com
Office: (865) 694-5904
Christine (865) 237-5289 and Jennifer (865) 621-3658
Mail to: McIn-Kowski@HomesForSaleKnoxville.com
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Christine McInerney and Jennifer Halinkowski - Knoxville TN Real Estate - Keller Williams Realty Knoxville Copyright © 2009
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