The January 2008 sales figures are out for the greater Knoxville area Realtors.

It appears for the first full month of the year in Knoxville we have about a 23% drop in sales volume over the same time period in 2007.

Total volume was 783 closed units for January 08 versus 1,017 for January 07.

Apparently Knoxville & Farragut sellers are still not jumping out of windows though, the average sales price for a 3 bedroom home the only declined .3% or down to $161,800 versus $162,300 in January 2007.

With interest rates still hovering near a 4 year low it remains a good time to buy a new home. Lots of Knoxville area sellers are willing to negotiate and some good buys are out there.

Visit KnoxvilleMLS.com to take a look at the inventory; call me to go look at your favorites.