Knoxville real estate trends online

Posted By katie allison granju

Local Realtor Jim Lee blogs:

The long awaited 2007 sales figures are now online for the greater Knoxville, Tennessee area.

Compiled by the Knoxville Area Association of REALTORS®, these figures present the 2007 sales activity.

It seems the greater Knoxville area continues to escape most of the real estate maliase affecting several parts of the United States. Knoxville’s sales volume posted a modest 10.8% decline, dropping from 17,401 homes sold in 2006 to ‘only’ 15,508 sold in 2007.

The Knoxville area average sales price did increase again from $166,100 in 2006 to $173,700, a 4.4% increase.

Jan 20th, 2008

2 Comments to 'Knoxville real estate trends online'

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  1. Jim, I was talking with builders in the Tellico area. They have indicated that building starts are down 60% from the previous year. I have a new community on Watts Bar Lake and although interest is very strong, especially on our lakefront, the willingness to build is slow. Most are commenting that they have to sell their home before they build. Our customers are in the $500K to $750K market (House,Land and Dock). What price point do you see consistant sales?

  2. Suzy said,

    February numbers are up if you’re interested
    http://www.allaroundktown.com/2008/03/february-home-sales-report.html

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