And it looks pretty good compared to lots of other parts of the country.

Total units sold in August 2007 were 1,670 with an average market time of 91 days.

Comparing the same time periods for the past 5 years it appears that Knoxville is still humming along with pretty good sales results.

 

Days on market  Total homes Sold

2003       54              1,194

2004       84              1,444

2005       79              1,808

2006       77              1,733

2007       91              1,670

If you’re thinking of buying a home in Knoxville now is a great time. There is a good selection of homes in Knoxville & Farragut on the market now and interest rates remain low.

Check www.KnoxvilleMLS.com to start your search.

Next month we’ll get the third quarter results to compare to the past 3rd quarters.

Stay tuned.