Archive for May 2021
Local home prices soar in April; inventory hits all-time low
Home prices continued double-digit growth in April as inventory dropped to an all-time low. At month’s end, the region monitored by the Northeast Tennessee Association of Realtors (NETAR) Home Sales Report had a 1.3-month supply of homes for sale. “It was a given…
Read MoreMarket Pulse – May 3
Vacant land inventory is showing signs of last year’s sales surge. During the first three months of this year, active inventory was down almost 19%, while sales were up 74%. There were 541 sales…
Read MoreReal estate is at the core of the region’s economic recovery
Almost everywhere you look, there’s evidence of a Northeast Tennessee economic revival. Employers are hiring. Restaurant parking lots are crowded. Sales tax collections are up. And the local real estate…
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