Inventory Milestone Reached Analyzing our real Gatlinburg area real estate market as I am oft prone to do I found a rather staggering statistic today. My search was for the total number of properties of all types, residential, land, multifamily, and commercial listings currently for sale (not already sold or expired). The total number for the first time ever (to my knowledge) was a staggering 8,013 which I do believe sets a record for our area. As of this evening there are 4,229 active residential properties and 3,373 active land listings with the relatively small remainder comprised of commercial and multifamily properties. According to our MLS database during the past 12 months there were a total of 1,651 residential properties sold. This means that our current inventory is equal to a little over 2.5 YEARS based on the pace of sales over the past year. Here is my analysis of our real estate market conditions by area: As usual, there are several caveats that need to be made regarding ...