Knoxville, TN (PRWEB) January 31, 2013
The Holloway Group, the major Knoxville real estate group at Gables & Gates, REALTORS has posted a new write-up to their internet site titled, “Exactly where Are All The Houses? The Causes Behind Shrinking Inventory”.

Troy Stavros, Broker and Partner with the Holloway Group states, “The old adage of supply and demand is at it again. House costs are on the rise since the number of Knoxville homes for sale continues to dwindle.” According to the latest study numbers from the National Association of Realtors, the inventory of properties for sale dropped eight.five% from November, 21.6% from 1 year earlier, and is at the lowest level because January of 2001.

So why are we seeing inventory of Knoxville properties for sale drop? Right here are the motives: