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Knoxville Market Update | January 2024
Brad Allen
The ART of Real Estate was founded with one question: What if buying and selling real estate could be a great experience? I've been asking myself that...
The ART of Real Estate was founded with one question: What if buying and selling real estate could be a great experience? I've been asking myself that...
UNDERSTAND THE NUMBERS
What Do They Mean?
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MONTHS SUPPLY OF INVENTORY
Currently we have a 1.33 months supply of inventory.
Over the last 12 months, we've seen this increase by 25.47%.
LIST TO SOLD PRICE %
We're seeing a fantastic 98.7% List to Sold Price ratio.
This means on average sellers are receiving 98.7% of their asking price.
MEDIAN DAYS ON MARKET
The median days on market is 18.
In less than 3 weeks, homes are flying off the market!
MEDIAN SOLD PRICE
The median sold price is a fantastic $384,900.
This shows the continued growth and value of properties in our beautiful area.
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Decoding The Numbers
Dive Deeper into the Pulse of East Tennessee's Housing Markets - Click Below to Read About Sevier County!
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