Archive for December 2024
New home market moves toward 2025 with affordability focus
New home sales were down in Nov. and so were prices. Lower prices have been the norm since builders reduced the square footage of their products to increase affordability and…
Read More2024 was a year of challenges, opportunities
Three days from today we’ll close the door on 2024. It was a year of challenge and opportunity for Realtors® and consumers. The first half of the year was consumed…
Read MoreMobile Home Sales Stagnant, Prices Up
Mobile home sales were stagnant last month, but the effects of a slower market were as clear as they were with stick-built homes. There were 43 sales, down one from…
Read MoreAdding context to Tri-Cities area housing market
Tracking today’s housing economy is a daunting task. And putting context into the flood of data in the media and on the Web can be as much an art as…
Read MoreNov. Tri-Cities Area Pending Sales Down 0.8%
Pending sales were down 0.8% across the Tri-Cities region in November and the Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index dropped one point point below where it was…
Read MoreMARKET PULSE – Nov. top sale was Mountain City home and farm
Million dollar plus sales dropped to their lowest level this year in November. There were three sales, down from eight during November last year. The top sale was in Mountain…
Read MoreGetting Ready For The 2025 Home Buying, Selling Season
Given current conditions, home buyers will have more bargaining power for the upcoming prime buying and selling season. Inventory is increasing, and some markets are on the cusp of the…
Read MoreMARKET PULSE – Tracking County-level Inventory, Time on Market
Inventory and the time a property sits on the market before selling are key housing metrics that savvy buyers and sellers tack. The regional days on market in November 79…
Read MoreKey Findings For Current Migration Trends
Migration trends were a hot local topic a couple of years ago. Locals were keenly interested in who and how many people were moving here and why. Fast forward to…
Read MoreMARKET PULSE – New home sales up, prices down
October new home sales were up 30% from last year while the median sales price was down 10.4%. Builders closed on 64 new homes for a median price of $348,398.…
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