Key Market Indicators in the real estate industry for the week of November 6, 2023.
*Information gathered from Greater Chattanooga Association of Realtors.
Current Interest Rates:
30 yr. fixed 8.04%
15 yr. fixed 7.111%
30 yr. fixed VA 7.403%
30 yr. fixed FHA 7.446%
(source – Google.com)
2023 Interest Rates YTD Change (30 Year Fixed Rate Mortgage in the United States)
↑1.28%
Average time on market* :
32 days
Sold to list ratio (this indicates the percentage of list price that homes sold for on average)*
96.8%
Sold median list price*
$320,500