Before July 2009, our Gatlinburg area real estate market had not enjoyed a single positive year to year comparison for any month since September of 2006. For the months of July, August, and September we have however had positive comparisons to every one of the same months during 2008. I will admit that the months we are comparing to were very dark indeed but even slower months were suffered through during the first few months of this year. Here is a chart of our Smoky Mountain real estate market showing that we may now finally be on the mend:
For a clearer chart in a PDF format please click here. For those that might prefer our normal chart layout you can view that here:
Either way you look at it the last three months have, if only slightly, bettered the same months from a year ago. We hope to see this trend continue because increasing residential real estate unit volume means increasing prices are likely headed our way. If you have been waiting for the perfect opportunity to purchase property here in the Smokies of East Tennessee at prices not seen for several years, this is an excellent time to get serious!