On Monday, Realtor Ellen Eddy began listing a house in East Ridge with a sales price of $136,000.
By 5 p.m. Tuesday, she had received over 40 purchase offers for the residence, many of them well above the list price.
“People were coming out of the woodwork to look at the property as soon as it was on the market,” said Eddy, an agent for Keller Williams since 2014. “It looked like we were having an open house with a mass of people. It was crazy, but there is just so much demand for houses these days. I’ve never seen a market like this before.”
While the pandemic has limited the number of people listing their homes for sale in the Chattanooga region, homebuyers are still flocking to purchase houses in Chattanooga, encouraged by low mortgage rates and Chattanooga’s appeal to relocating workers, retirees and outdoor enthusiasts. As a result, single-family houses in…