Knoxville Tennessee Real Estate Blog

Last week’s results from the Knox County Register of Deeds is now available. It appears the past weeks transactions were a bit below our typical weekly average this year of around 150 closed transactions.

Weekly real estate transactions report from the Knox County Register of Deeds

As we’ve seen in previous reports, the median price for a typical 3 bedroom house was $139,900 for the 3rd quarter of 2009. That price point, $100,000 to $150,000 was overwhelmingly the top selling price last week as it has been for most of the year.

Below is www.Trulia.com’s market view of  Knoxville, TN

In September we did see total monthly sales showing a 7% increase (about 60 more homes sold) over the same time period in September of 2008. But taken in context of the past 5 years, that increase really tells us nothing and is far too little data to base any trend on.

Here’s popular website Trulia’s summary of the Knoxville TN area real estate market.

“Average price per square foot for Knoxville TN was $99, a decrease of 10% compared to the same period last year. The median sales price for homes in Knoxville TN for Jul 09 to Sep 09 was $136,200 based on 1,598 home sales. Compared to the same period one year ago, the median home sales price decreased 4.1%, or $5,800, and the number of home sales decreased 27.7%.

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