Local home sales rise in March
Chattanooga Realtors sold 593 residential properties last month, 8.4 percent more than a year ago.
The Greater Chattanooga Association of Realtors said Monday that the number of new properties listed with the local Realtors’ multiple listing service grew by 5.2 percent in March. But the overall inventory of homes on the market was still down and prices remained stable with a median home price last month in Chattanooga of $130,000.
The typical home was on the market for 128 days, 4.5 percent fewer than a year ago.
Mark Blazek, president of the Chattanooga Realtors group, said the economy last month “inched forward.”
CBL starts on Daytona eateries
CBL & Associates Properties Inc. has announced that construction has started on a restaurant district at Volusia Mall in Daytona Beach, Fla.