Wednesday, May 21, 2008

Knoxville News Sentinel reports on: Residential prices fall

Residential prices fall

The April report from the Knoxville Area Association of Realtors shows the median sale price of a three-bedroom home fell nearly two percent to $149,000 in April. Meanwhile, the median price of a home with four or more bedrooms fell more than 12 percent to $240,000.
Total sales (home and condo) were down 19.2 percent, to 1,144, and the average market time was 100 days.

In another interesting figure, there were 24 home sales worth $500,000 or more in April, but there were a whopping 1,246(!) active listings in that price range.

Time to buy?

Give me a call and I can check the rates, work up a good faith whatever you need.

Kristin Abouelata
Loan Officer

8320 E. Walker Springs Ln #200
Knoxville, TN 37923
(865) 567-0113 cell
(865) 691-8910 office
(865) 691-7714 fax

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