Chattanooga Foreclosure Home Sales Down 2013

Chattanooga Foreclosure Home Market 2013

Chattanooga Foreclosure Home Sales Down 2013. 2013 brought large shifts in Hamilton County, TN real estate. The number of foreclosure and short sales in the overall Chattanooga MLS area dropped 40% when comparing June-August 2012 to same months 2013. The other interesting note is that, while the overall number of home sales dropped slightly, there are much larger shifts in price ranges. The market above $200,000 saw a 17% jump in sales in this same 3 month period comparing 2012 to 2013. The homes selling for $100,000 and less dropped 24%.  (Note: based on entire Chattanooga MLS, North GA and surrounding TN counties)

Real estate agents focusing on newer expensive construction are doing well. Rehabbers and flippers working with REO and foreclosures are finding work more challenging.

The real estate market is good in Chattanooga, TN. You may have to exercise a bit more patience to find a deal out there. There are 2,646 homes for sale in Hamilton County, TN this morning. 140 (5%) of them are REO, foreclosure, or potential short sale listings.

Here is a list of the current foreclosure listings priced $200,000 and greater in Hamilton County.

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Chattanooga Foreclosure Home Sales Down 2013, but there are still great deals out there to be made for the smart home shoppers!