Chattanooga real estate is up in 2013 But this is not 2006
The number of Chattanooga home sales increased almost 12% in the last 45 days compared to the same 45 days in 2012. Optimism always abounds in the mind of a real estate agent. I am chief among optimists. It is true that the number of home sales are increasing in Hamilton County, TN. While the number of home sales are increasing the values of real estate are not enjoying the same rate of rebound. Foreclosures and short sales are a large part of the equation. While less than 7% of all active listings are foreclosures, foreclosures in 2012 made up 20% of all sales. Buyers are still looking for deals, and the deals are still out there.