Tuesday, September 17th, 2019

This summer felt as strong as ever and the numbers tend to back that up. Lets’s take a look….

*Single family homes within a 4 mile radius of downtown Knoxville.

 

The number of homes sold fell off a bit from last summer and came in just above the summer 2017 levels. Buyers would have appreciated a few more homes on the market but the number of homes sold is still above the 2017 level and the change from last year isn’t enough to draw much from.

*Single family homes within a 4 mile radius of downtown Knoxville.

 

Average days on market didn’t change significantly from last year and we are still seeing quality homes go under contract almost immediately after going on the market. It is hard to go much lower than where we are at in terms of days on market so when things stay the same it means homes are still moving fast.

 

*Single family homes within a 4 mile radius of downtown Knoxville.

 

Average sold price continued to go up as we would expect given the average days on market numbers with no significant increase in volume. Interestingly we saw a dip last year in the average sold price during the summer. That dip coincided with with what felt like to us a drop in buyer interest late last summer and throughout the 2018 fall season. This fall buyers seem to be out in force so it will be interesting to see if the fall numbers reflect what we have been seeing on the ground. We will just have to wait and see!

Every home is unique, and your own home’s value will depend on many factors. If you are considering selling your home we would love to put our experience and knowledge of Knoxville’s historic neighborhoods to work for you!

*Source data from Knoxville Area Association of Realtors MLS. Information is deemed reliable but not guaranteed.

First Neighborhoods Realty, LLC

...is a boutique firm specializing in the historic neighborhoods in and around downtown Knoxville.

© 2019 First Neighborhoods Realty, LLC
123A S. Gay Street
Knoxville, TN 37902

office@firstneighborhoods.com

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