Always nice to have some good news to share. During the month of July, 2011 Gatlinburg area residential unit sales were the second best of the year with 126 homes sold as reported by our Great Smoky Mountain Association of Realtors Multiple Listing Service or MLS. In fact, once all of the dust settles, it may be that we will surpass March’s 134 units which has been the best tally during 2011. Further good news is that for the first time since January, 2011 we should surpass the total number of sales for the same month during 2010 which was 127. Regardless, it was a better month for local real estate sales, at least compared to the last couple of months. Additionally, the average sales price was up a little at $159,576 when compared to June’s average sales price of only $153,014. Here is our chart comparing monthly residential sales as reported by our MLS over the last several years:
