Sevierville Real Estate Market Conditions & Reports, Sevierville Market Trends, Tennessee

Market Commentary Provided by Top Agent
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Report Date

Fall 2009

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Nearest Metro Area

Knoxville

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$175,000 - View Graph Trend

Best Selling Price Range

$100,000 - $149,000

Worst Selling Price Range

$350,000 - $399,000

Compared to Last Year

Down 10-15%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Sevierville is

Increasing

Seller Activity for the past 90 days in Sevierville is

Increasing

Is Financing Available For Qualified Buyers in Sevierville?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

Housing Hot Spots

Wears valley , Boyd's Creek, Seymour, Kodak and Dandridge

Reason to Buy/Sell

Population Growth

Average Sold Price

$175,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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