The latest housing numbers show a market that’s active but not overheated. Nationally, existing home sales picked up, and the Chattanooga region also saw gains in new listings, pending sales and inventory.
That combination gives us a useful picture of where the market stands right now. Buyers are still moving, sellers are still entering the market and the pace is giving both sides more room to make thoughtful decisions.
U.S. existing-home sales rose 3.2% month-over-month and year-over-year to a seasonally adjusted annual rate of 4.17 million units, the National Association of Realtors reports, marking the highest level since December 2025.
Regionally, sales increased from the previous month in the Northeast, Midwest and South while remaining flat in the West. On a year-over-year basis, sales grew in the Midwest, South and West but declined in the Northeast.
New listings in the Chattanooga region increased 7.2% to 1,555. Pending sales increased 8.0% to 1,039. Inventory increased 25.8% to 4,048.
The median sales price increased 1.2% from $346,000 to $350,000. Days on market increased 2.0% to 51. Months supply of inventory increased 15.8% to 4.4.
Nationally, there were 1.55 million homes available for sale heading into June, a 3.3% increase from the previous month and 0.6% higher than one year earlier, representing a 4.5-month supply at the current sales pace, the NAR reports.
Home prices also rose, with the median existing home price climbing to $429,300 nationwide – an all-time high for the month and 1.3% higher than a year earlier.
For buyers, more inventory can mean more opportunity to compare homes and make confident choices. For sellers, steady activity is encouraging, but it also means preparation matters.
Pricing, condition and presentation can make a real difference when buyers have more options in front of them. A local Realtor can help you understand what these numbers mean for your specific goals, your neighborhood and your next move.
Building homes, building community
Last month, Greater Chattanooga Realtors celebrated the dedication of a new Habitat for Humanity of Greater Chattanooga home for a local mother of three – a project made possible in part by proceeds from last year’s Tee Up for Habitat and Wine Down for Habitat fundraisers.
Now, the community has another opportunity to help make homeownership possible for another local family. Tickets are on sale for this year’s Tee Up Golf Tournament on Aug. 18 at Council Fire Golf Club and Wine Down for Habitat on Sept. 11 at the Chattanooga Whiskey Event Hall.
As always, proceeds will support Habitat for Humanity of Greater Chattanooga’s mission to provide safe, affordable housing for families in our community.
Sponsorship opportunities are also available. To learn more or purchase tickets, visit www.gcar.net.
Greater Chattanooga Realtors is the voice of real estate in greater Chattanooga. A regional organization with nearly 3,000 members, Greater Chattanooga Realtors is one of some 1,200 local boards and associations of Realtors nationwide that comprise the National Association of Realtors. Greater Chattanooga Realtors services Hamilton and Sequatchie counties in southeast Tennessee and Catoosa, Dade and Walker counties in northwest Georgia. For more information, visit www.gcar.net or call 423 698-8001.