Knoxville and Farragut TN Real Estate Market Snapshot – February

Here are the most recent (February) statistics for the Knoxville and Farragut TN real estate markets.

Here is a quick Knoxville TN real estate market snapshot for February.  The highlighted stats are:

• Median sold price = $150,000
• Median list price = $155,000
• Average days on the Market = 114 days
• Sold Listings = 878
• New Listings = 1723
• Absorption Rate = 8.65 months
• Homes sales are up 5.3% compared to last year.
• Home prices are up 13.08% compared to last year.

Here are the Farragut TN real estate market stats for February:

• Median sold price = $315,750
• Median list price = $409,900
• Average days on the market = 107 days
• Sold listings = 26
• New Listings = 46
• Absorption Rate = 4.23 months
• Year to Date home sales are up 25% compared to last year.
• Year to Date home prices are up 5.97% compared to last year.

Have questions about the market or anything Knoxville or Farragut real estate related?  Contact me, Troy Stavros with Gables & Gates, REALTORS and I’d be happy to answer any questions you have!