March 2023 Market Update
Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%.
2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market.
Our monthly market update showcases everything you need to know about local real estate trends over the last month.
March Market Update for Knoxville
691
New Listings
557
Active Listings
651
Under Contract
544
Closed Sales
Homes Sold
98.3%
Sale-to-List Price
$424,632
Average Sales Price
0.93
Months of Supply
29.4
Average Days on Market
Curious about how your home's value has changed?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.