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February Residential Sales Disappoint, at Least for Now…

Posted on March 1, 2016 by Sierra Brewer

The flash number for February Gatlinburg area real estate sales is in (139) and it is a little disappointing. Although these preliminary numbers are always revised upward as more agents get their sales posted the increase usually results in an increase of only 10-15% or so.  When I factor a typical revision in it looks as if we will come nowhere close to the high water mark reached during the boom years of 2005-2007. Tough January weather is probably one culprit that caused February closings to be lackluster. A second factor is that supply is down and prices have begun to come up. This is a good condition longer term but it does take a little while for Buyers to become accustomed to. I normally post a table in this space showing the long term results but can’t seem to do that with my smart phone so I will add that here later.

2 thoughts on “February Residential Sales Disappoint, at Least for Now…”

  1. Boris1White says:
    March 11, 2016 at 6:48 pm

    We found this weblog very great and we wanna thank you for that. We hope you keep up the great work!
    Real Estate

    Reply
  2. Jeff Schoenfield says:
    March 11, 2016 at 6:49 pm

    Thanks for your very kind words! We don't get a chance to post anywhere near as often as we would like but do enjoy writing in this space when time allows.

    Reply

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