The Greater Chattanooga Association of Realtors reported this week that area home sales increased for the sixth straight month in June.
“There are a number of factors driving this positive growth trend,” Mark Hite, president of the association, said in a prepared statement. “Increased employment and job creation, along with incredible affordability, all contribute to a more positive consumer outlook and spurs confidence to invest in a home.”
According to association leaders, 664 residental units sold in June—a 21.2 percent increase from 2011 numbers.
The median sales price was up 11.4 percent to $143,000, and local leaders said that price trend has been building for months.
Jennifer DuBois, director of communications for Relator.com, said the Chattanooga-area foreclosure rate is much better than the national average.
And, although Chattanooga isn’t in Realtor.com’s top 10 fastest-growing markets, the local situation remains healthy.
A good unemployment rate and a diverse economy help boost the market, DuBois said.
“Overall, the real estate market does look very, very healthy,” she said.
Read more about last month’s numbers or find more statistics online.
