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Archive for November 2020

Days on market metric plays dual housing role

By Kristi Bailey, President | November 28, 2020

By KRISTI BAILEY There used to be a real estate rule of thumb that said during normal market conditions meant a six-month inventory of homes for sale, which we have…

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Home prices stay in the double-digit increase zone

By Kristi Bailey, President | November 21, 2020

By KRISTI BAILEY Local home prices have increased by double digits so far this year despite the pandemic, high unemployment, and a hotly contested presidential election. The area median year-to-date…

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Housing pending sales surge to second-highest level this year

By Don Fenley | November 20, 2020

Pending sales surged to a three-month high in October. Sellers accepted 965 new contracts (pending sales), up from 921 in September. October’s pending sales are at a 17.3% increase in…

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NE Tenn. commercial real estate transaction down 11.7%

By Don Fenley | November 15, 2020

Office, industrial, vacant land deals weathering the storm —– October’s Commercial Real Estate Market posted a small transaction decline on the heels of its best two months this year. Compared…

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It looks like housing market will have a hot winter

By Kristi Bailey, President | November 14, 2020

By KRISTI BAILEY The weather may be cooling off, but it looks like this will be a hot winter for the local housing market. The housing market continues to be…

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October home sales cool off, but still on record pace

By Don Fenley | November 9, 2020

Local home sales saw some seasonal softening, but it was not enough to pull the market off its record pace. “October sales dropped 13.7% from September, but were 11.5% better…

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How to avoid closing costs sticker shock

By Kristi Bailey, President | November 8, 2020

By KRISTI BAILEY Closing costs are an all-too-common surprise for some homebuyers. Their focus was on finding their next home, getting a good deal, and the other things that come…

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Recent Posts

  • Vacant land sales decline
  • Sellers market vs. a home buyers strike
  • The slow train to more inventory 
  • VA loans backed Tri-Cities highest avg. home sales price last year 
  • Tri-Cities area pending home sales drop to 5-year low 

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