Hottest areas for home salesNumber of houses sold1. Brainerd/East Brainerd — 28 for a total of $4.6 million2. Walker County — 28 for a total of $2.7 million3. North Hamilton County — 22 for a total of $3.7 million4. Catoosa County — 22 for a total of $3 million5. North Chattanooga — 21 for a total of $5.24 millionSource: Greater Chattanooga Association of RealtorsMedian Price1. Lookout Mountain — $287,240 out of 4 houses sold2. Signal Mountain — $242,500 out of 10 homes sold3. East Brainerd — $234,500 out of 13 homes sold4. Ooltewah/Snow Hill — $230,000 out of nine houses sold5. North Chattanooga — $225,000 out of 21 homes soldSource: Greater Chattanooga Association of Realtors
Consumer uncertainty led to another decline in housing in January, according to the Greater Chattanooga Association of Realtors.
Home sales in January fell 28.1 percent to 307 units from December 2010 when 427 units were sold. The latest month’s sales, however, were up 2.7 percent from January 2010 when only 299 dwellings were sold.
At the same time, the area’s $132,900 median price of a house declined 3 percent from December, though it was up 11.2 percent from $119,500 from January 2010.
The average number of days a home stood on the market before being sold fell a week to 138, and foreclosures as a percentage of sales were nearly a third.