The Greater Chattanooga Association Of Realtors just released the February 2019 home sales reports and here is a summary of the stats.

It is worthwhile to mention the weather when discussing residential real estate for large portions of the U.S. for February 2019, because this month has turned in some impressively cold, rainy and snowy days that have stalled some buying and selling actions. Nevertheless, housing markets have proven to be resilient despite predictions of a tougher year for the industry. It is still too early to say how the entire year will play out, but economic fundamentals remain positive.
New Listings in the Chattanooga region increased 6.5 percent to 1,005. Pending Sales were up 13.7 percent to 869. Inventory levels shrank 1.9 percent to 2,537 units. Prices continued to gain traction. The Median Sales Price increased 3.7 percent to $182,000. Days on Market was down 12.3 percent to 57 days. Sellers were encouraged as Months Supply of Inventory was down 6.3 percent to 3.0 months.
The National Association of REALTORS® recently reported that national existing-home sales were down slightly during January 2019 and that pending sales were up in year-over-year comparisons. It is worth noting that some softening of sales was anticipated, as was a positive sales bounce during January 2019 after a slow end to 2018. Weather-related events have hampered some of the necessary machinations of making home sales during February 2019, yet buyers have shown determination toward achieving their homeownership goals. All information is from Greater Chattanooga Association Of Realtors. 
If you or someone you know is in the market to buy or sell a home, then call The Paula McDaniel Group today! It will be our pleasure to assist you with all of your real estate needs! 
The Paula McDaniel Group 423-667-2997 
www.AllChattanooga.com Info@PaulaMcDaniel.com

Real Estate Partners Chattanooga LLC. 423-362-8333
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All data from Greater Chattanooga REALTORS®.