In December 2011, housing inventory and overall supply of homes dropped considerably, both of which are positive for the Knoxville real estate market.
In December, there was a total of 18 month supply of homes on the market, which is much improved from years past since the recession. In January 2011, there was a 27 month supply of homes, so it is easy to see how much progress the Knoxville market has made in this area. The 18 month supply is also less than the same month in 2008, 2009, and 2010. We should only see ... read more