The residential real estate market is starting to show signs of leveling out, said Hancen Sale, governmental affairs and policy director at the Knoxville Area Association of Realtors.
Active listings are now up to 2,471. That figure has increased every week since the week of June 20, when there were 1,956 active listings.
“Before, we were in situations where you would have 15 offers on a house,” Sale told Knox News. “I think we’re at a place where it’s more like five offers. You know, it’s slowing down.”
Though sales are still at a level beyond what the market saw before the pandemic, Sale described the market as fairly stable. Here are the numbers.
Knoxville real estate snapshot:More homes for sale popping up across market
Homes sales for the week of Aug. 8-14
Active listings, or number of listings on the market in the Knoxville Area…