Posts by Don Fenley
Tri-Cities Area New Home Sales Up 23%, Prices Down 18%
New homes sold last year in the Tri-Cities area were smaller than the year before and both the median and average sales prices declined. There were 741 new home sales…
Read More$1-million plus sales down, Dec. top sale at the Ridges
Top of the housing market closed the year with less than half of the sales of the previous year. There were 70 $1-million plus sales, down from 123 during 2023.…
Read MoreWill inventory spur an early start to the Spring home buying, selling season?
There is a chance that the Spring prime home buying and selling season will get an early start this year after the doldrums that consumed the last half of 2024.…
Read MoreNew 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 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 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 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 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.…
Read MoreMARKET PULSE – 2.5% of region’s housing stock second homes, airbnb rentals
They’re a housing element all-unto themselves that often gets little attention in the broader conversation about housing in the Tri-Cities region. According to Census and web services counts there are…
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