Johnnie Creel & The Creel Group

865.694.5904 - 865.936.4116

This Month In Real Estate – August 2014

The national median home price for existing homes increased 4.3% from this same time last year! We are seeing more and more homes in multiple-offer situations. The  average days on market for bank-owned and other distressed-sale properties over the past 3 months in Knox County is 51 days, with the average days on market for non-distressed properties being at only 80 days on the market. The average sales price for non-distressed properties in Knox County over the past 3 months is $225,930, and $93,945 is the average sales price for bank-owned and other distressed-sale properties. This means that it is a GREAT time to sell your Knoxville home!

Buyers do not dismay, it is still a great time to buy, with interest rates remaining low. In this market, it is important to get prequalified, and once you know your price, separate your needs and wants to qualify what you absolutely must have in your home. Narrowing your search in a in-office preview will help our buyer’s representatives to show you the most qualified houses to meet your criteria, without wasting your valuable time! These buyer consultations are no-obligation, and we can show you in real-time what the market has to offer!

Stay informed of the national numbers with This Month in Real Estate! Subscribe to my YouTube channel to get this and more valuable Knoxville area real estate market information!

Leave a Reply