Knoxville Condo Prices Strong

Knoxville has always had a great condo market, thanks to an abundance of empty nesters, relocating retirees, and UT students. Now, the latest quarterly survey by the National Association of Realtors (R) shows that our condo market is still going strong:

“The strongest condo price increases were in Bismarck, N.D., where the fourth quarter price of $125,000 rose 20.8 percent from a year earlier,followed by the New Orleans-Metairie-Kenner area of Louisiana, at $173,300,up 17.8 percent, and Knoxville, Tenn., where the median condo price of$160,800 rose 10.6 percent from the fourth quarter of 2006. “

Chalk that up on the “What bubble?” side of the real estate market debate.

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Author: Suzy

Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.