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Home Sales Report (January 2023)
Chattanooga Home Sales Real Estate Market Report


The outlook for the Spring 2023 real estate market is very positive in the Chattanooga area, and much improved nationally as well with the stabilization of interest rates.
Chattanooga Home Sales Report August 2022

January Market Update

Heading into Spring, the Chattanooga area is projected to be one of the hottest real estate markets of 2023.

While inventory has improved over the last two years, it remains low.  The lack of inventory combined with higher interest rates has resulted in an overall decline of closed sales in recent months.  However, interest rates have dropped from their peak and appear to be stabilizing. Many buyers who had given up on purchasing during the ‘frenzy’ are now back in the market.  Similarly, sellers who did not want to sell without finding a new home may feel better about listing as we are beginning to see some viable contingent offers return to the market.  A number of creative financing options have also emerged, catering to the needs of today’s home buyers and sellers.

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