Posts by Don Fenley
Pending home sales point to sluggish market; outlooks downgraded
Pending sales perked up in February. They were 16.3% better than January’s lackluster year opener. But they lagged last year’s performance by 2.3%. The forward-looking market indicator synced with sagging…
Read MoreMARKET PULSE – Limestone estate top February sale
February’s top sale was a 12-room estate on 34 acres in Limestone, Greene Co. The 4,265 sq. ft. home and property sold for $2,450,000. The home included a luxury living…
Read MoreMarket Pulse – New Home Sales Decline, Prices Increase
The Tri-Cities new home market was as lethargic as the existing home market in February with one exception – prices were up 7.6%. According to the Northeast Tennessee Association of…
Read MoreMARKET PULSE – Home price reductions increasing
Another sign the market is becoming more buyer friendly is the amount of price reductions sellers are making to bring their listing in synch with the market. The share of…
Read MoreDays of the Super-Charged Sellers’ Market Are Over
With the peak home buying and selling season just around the corner some sellers have to be wondering if this is the year pull the trigger. There are numerous signs…
Read MoreRealtors Keep Up With Rapidly Evolving Demographics
By WAYNE PORTER Realtors® have always paid close attention to demographics. Much of it focused on two specific groups. The first is younger buyers who were typically first-time buyers. Since…
Read MoreElizabethton Victorian January’s top sale
A 2,800 sq. ft. Victorian home in Elizabethton was January’s top sale. The three-bedroom, three-bath home sold for $1.4 million. The home included a formal dining room, chef’s kitchen and…
Read MoreTri-Cities pending home sales down 6.2%
Pending sales joined the jumbled January data report of a market struggling to find footing. New contracts posted a small gain from December but lagged last year’s performance. Consumer demand…
Read MoreExisting Home Market Tougher Than Last Year
January’s housing market is catching a lot of negative media. Sales are down from December. And prices were pretty weak compared to what locals are used to. In many ways…
Read MoreTri-Cities new home market off to a strong start
New home sales got off to a robust start in January. The average Tri-Cities area home sold was a tad bit larger than it was this time last year while…
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