Greater Knoxville Tennessee 2007 Sale Report
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 malaise 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 for a 3 bedroom Knoxville area home to $173,700 in 2007, a 4.4% rise.
Days on market DOM (time to sell) rose slightly from 83 days in 2006 to 92 days in 2007. However the DOM was 84 back in days in 2004 so I don’t see the 9 day increase as statistically significant.
Visit my Knoxville real estate website to find a new home for your and your family in 2008. From cottages to castles, Knoxville, Tennessee continues to be a great place to live, work, play, and buy or sell real estate.
Cute Cape Cod home in Knoxville, Tennessee
Beautiful home located in Farragut, Tennessee, a prominent Knoxville suburb.
