The Knoxville Area Association of Realtors just released their sales stats for February 2007.

Sales were up a bit in February compared to January; 1,002 residential homes sold plus 117 condos.

Spring is officially here in east Tennessee and I expect sales to start picking up a lot as we enter the prime selling season.

Still there is a lot of homes remaining for sale; 8,920 residential units plus 1,211 condos, so we still have a lot of inventory and that tells me we’re still in a buyer’s market.

Interest rates remain fairly constant at around 6% or so for the benchmark 30 year fixed rate. That’s a pretty tough rate to beat or to resist if you want to buy a home.

Visit my website, KnoxvilleMLS.com to pick out a great house or condo for yourself and give me a call or email to go have a look.

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Next month Knoxville will turn into a fairyland when the Dogwood trees bloom and our annual Dogwood Arts Festival begins. It’s billed as the best 3 weeks of Spring in America; I believe it.

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