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Archive for August 2022

Vacant land sales take a breather; still double pre-pandemic levels 

By Don Fenley | August 29, 2022

Vacant land sales are taking a respite from last year’s frantic pace. But that doesn’t mean it’s a down market. Demand has steadily grown during the past three years. Much…

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Inventory, inventory, inventory is a market stabilization key 

By Don Fenley | August 29, 2022

Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…

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Exercise extra due diligence when buying a flipped home 

By Rick Chantry | August 29, 2022

Local media recently latched onto a Motley Fool report that declared the Tri-Cities two metro areas were among the top five in the U.S. for House flipping in 2022. It…

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Tri-Cities area pending home sales reverse downward trend 

By Don Fenley | August 24, 2022

GRAY- Tenn. – Tri-Cities area pending homes perked up in July after three months of decline. Sellers accepted 888 new contracts. That’s 10 more than June and 64 fewer than…

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Inventory, inventory, inventory is a market stabilization key 

By Don Fenley | August 21, 2022

Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…

Read More

Want a killer lawn next year? Now is the time to set it up 

By Rick Chantry | August 21, 2022

Autumn isn’t quite here yet, but early morning and evenings are beginning to feel better with a light sweater. And crowds are already gathering for Friday night high school football.  …

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Multi-family sales heat up commercial market  

By Don Fenley | August 17, 2022

GRAY, Tenn. – Tri-Cities commercial real estate transactions were almost 11 percent better than the first seven months last year. July’s sales and leases were the same volume as July…

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Local homeowners see dramatic equity gains

By Don Fenley | August 14, 2022

GRAY, Tenn. – Remember hearing that a mortgage is a lot like a forced savings account that will make homeowners rich over time?  There were a lot of Tri-Cities homeowners…

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Unpacking July’s home prices and sales data  

By Rick Chantry | August 14, 2022

July was another month when the local Home Sales Report chronicled new records or had data that was almost a record. That makes it an opportune time to unpack some…

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Tri-Cities area home prices continue climbing, sales down

By Don Fenley | August 8, 2022

GRAY, Tenn. – July’s Tri-Cities area home sales were down from last year while prices continued their roller-coaster ride. One example of that ride is the Piney Flats average existing…

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