Archive for June 2021
Local vacant land sales beginning to slow
There were 201 vacant land sales in May. That’s 28 fewer than in April. So far this year 967 sales have closed. During the first five months of last year, there were 509 closings. …
Read MoreWhy now is best time to list your home
There’s a case to be made that this fall and early winter could be one of the best times to sell your home in years. Here are some of the…
Read MoreMay pending home sales up 9.9 percent from April
Homeowners accepted an all-time high of 1,083 offers for single-family and condo sales in May. That’s a 9.9 percent increase from April and 23.2 percent higher than May last year. Pending sales are a leading indicator of…
Read MoreSigns for slowing price growth rate
May’s median existing-home sales price was 18.8% higher than it was in May 2020. That double-digit year-over-year trend has been consistent for 10 of the past 11 months. And while it’s less…
Read MoreHere’s how and how much real estate contributes to the local economy
Each year during the month of June, the Northeast Tennessee Association of REALTORS® (NETAR) takes the opportunity to celebrate homeownership by showcasing some of the social and economic benefits that protect and promote the American Dream of homeownership. Homeownership Month was created both to encourage…
Read MoreCommercial real estate has best month so far this year
Tri-Cities commercial real estate posted its best month so far this year in May. There were 59 transactions. Last year there were 25. So far this year there have been 226 transactions,…
Read MoreIs today’s red-hot market overpriced?
How much – if any – is today’s existing home sales overpriced is a question on the minds of buyers, sellers, and real estate professionals. It’s a question that will remain unanswered…
Read MoreIs the housing market close to a tipping point?
Inventory has joined price as a closely watched housing market item. What’s on the market has been steadily declining since 2013. It moved to shortage status late last year, but a silver lining to that cloud is developing. Early this…
Read MoreAnother double-digit increase for home sales, prices
Home sales and prices continued at a double-digit pace in May despite a slight softening from April’s totals. “There are some ever-so-slight declines in sales and prices, but the overall market shows no immediate…
Read MoreSome inventory relief, but no sign of a softening market
Inventory made the second monthly ever-so-slight increase in May. At month’s end, there were 1,048 active listings, up from 995 in April. That’s still a little less than half of the active…
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