Archive for May 2025
Homeownership has critical community, economic and social benefits
June is Homeownership Month, and this year’s observance is very different. We’re still adjusting from the hottest housing market in recent history. It’s a slow process and homeownership is taking…
Read MoreMARKET PULSE – New home sales down, size of homes and avg. price up
April’s Tri-Cities new home market saw the result of builders targeting move-up and luxury buyers. Sales were down. So was the median sales price. But the average sq. ft. per…
Read MoreEvolving housing market is all about the price
The local housing market is sending signals that it’s continuing a recalibration and normalization process as it eases into the prime home buying and selling season. The Northeast Tennessee Association…
Read MoreMARKET PULSE – $1 million plus home market tightens, sellers show stronger price discipline
The Tri-Cities $1-million plus housing market is showing signs of tightening. There was one closing in April. That’s five fewer than last year. Last month’s top sale was $1.2…
Read MoreNETAR awards recognize the local best of the best
By WAYNE PORTER Presentation of the Mark Keesecker Good Neighbor Award and the Realtor® of the Year are high points of the annual Northeast Tennessee Association of Realtors® (NETAR) membership…
Read MoreNew construction, relocation demand drives Washington Co. pending home sales up 4.7%
Pending home sales in Northeast Tennessee continued to signal resilient buyer local interest despite ongoing affordability challenges and tight inventory. The year-over-year volume has softened slightly, as has the overall…
Read MoreMARKET PULSE – Home sales hot spots – Bluff City, Blountville, Piney Flats
The Tri-Cities housing market exhibited continued modest strength in April, characterized by rising prices and an increase in consumer demand. The demand increase is not reflecting in the sales comparison…
Read MoreCurb Appeal Puts Some Shine On Transitioning Market Listings
Although we’re still in a sellers’ market, buyers have gained bargaining ground. Attribute that to a market adjusting to pre-pandemic levels but still at unbalanced conditions market wide. One example…
Read MoreMARKET PULSE – April Mobile Home Prices Decline, Sales Increase
The mobile home market broke the trend line of softer sales and higher prices in April. Sales were up from last year while prices declined. Buyers had more options and…
Read MoreLocal data is key to Tri-Cities housing market knowledge
The prime home buying and selling season is upon us, and it looks like another year of dueling outlooks and confusion. If you thought absorbing local market information was like…
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