Archive for October 2021
Where the market has taken home prices
Homeowners who sold in September pocked $26,000 more than those who sold in September last year. But if you look at the average sales price the gain it’s almost $40,000. The median offers a better picture than…
Read MoreREALTORS® have key role in helping residents move to the area
One of the hot-button topics these days is the out-of-state people who have been moving to the NE TN – SW VA area. The bottom line is we’re no longer one…
Read MoreCommunities with increased market share of home sales
Market share is a key indicator of a company’s competitiveness. The market share of home sales is also an indicator of how communities or even neighborhoods are growing or declining. That…
Read MoreGet ready for higher energy bills this winter
The U.S. Energy Information Administration says households should brace for heating bills that could be as much as 54% higher than last year. It looks like those heating with natural…
Read MoreSept. pending home sales decline
After four months of flat performance, pending sales were down in September. Owners accepted 996 offers for single-family and condos – a decline of 103 from August. After four months of flat performance, pending sales…
Read MoreStrong market absorbing limited townhome-condo inventory
Unlike the single-family existing home market’s slowly increasing active inventory the townhome and condo inventory is slowly declining. The sales price has increased by double digits like the single-family market. There were 83…
Read MoreBlountville tops area sales growth rate; Church Hill leads median price growth
Although our regional housing market is showing some month-over-month sales slowing, it’s on track for another record year. And with only three months before year’s-end, the performance of the region’s 12…
Read MoreCommercial real estate continues above pre-pandemic performance
Commercial real estate (CRE) transactions hit a slump in September but it didn’t dent the local market’s momentum. So far this year, completed sales and leases are up 63.4%. The…
Read MoreActive inventory trend shows more homes coming on market
It’s not a quick return to balanced market conditions. Still, the month-over-month trend continues showing more homes are being added to the NE Tenn. – SW Va. active inventory. September was the sixth straight month…
Read MoreContinuing education keeps REALTORS® at the top of their game
A recent career outlook on the Kiplinger network ran a list of professions that the author thinks will become obsolete in the next decade. At the top of the list was “Real Estate Agent.” The article…
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