Posts by Don Fenley
MARKET PULSE – $1.4 million Gray sale leads Tri-Cities robust luxury market
Flagging consumer confidence may be driving fewer home sales and softer prices in the broader housing market, but not in the Tri-Cities luxury market. First quarter $1 million plus sales…
Read MoreMARKET PULSE – Tri-Cities becomes a moderating seller’s market
Tri-Cities sellers continue to benefit from favorable housing market conditions, but things are changing. Here’s what’s driving the change. Increasing inventory and diminished demand are two of the top reasons…
Read MoreDownward pressure on home prices noted, but they’re still increasing
At the end of March, Tri-Cities active inventory was up 29.2% from last year. A noteworthy improvement, but 11% less than it was in its next best year (2020). That…
Read MoreTownhome sales plummet 38.9%, prices up 15%
While single-family homes sales continue their early spring lackluster performance last month, their numbers look pretty good when compared to the townhome/condo market. February’s home sales were down 14.1%, according…
Read MorePending 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…
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