Posts by Don Fenley
MARKET PULSE: New Home Prices Up, Sales Down
New home prices in the Tri-Cities are 3.8% higher than last year and July sales are down 17.6%. There were 56 sales last month and the median price is $365,588,…
Read MoreTri-Cities Home Prices Post Meager Gains, Sales Up
July’s housing market showed some seasonal softening in July. Sales were flat and prices were down from June’s peak. Remove the seasonality, and a more precise picture emerges. Prices are…
Read MoreMARKET PULSE: Buyers Negotiate Lower Price in Two of Every Three Home Sales
Tri-Cities home sellers are pricing closer to the market this summer, but buyers still hold the upper hand at the closing table. Price cuts appeared in 37.4% of July sales,…
Read MoreMARKET PULSE – Tri-Cities Home Prices Expected to Hold Steady the Rest of 2026
Tri-Cities home prices are on track to hold steady through the end of 2026. Most of this year’s price gains happened in the first half. Inventory is increasing but still…
Read MoreMobile Home Sales Climbed at Mid-Year, Sellers Cut Prices More Often
Tri-Cities mobile home sales and prices both rose through mid-year 2026. Sales climbed 11.2%, and the median sale price rose 4.8% to $220,000. Even so, sellers cut their asking price…
Read MoreMARKET PULSE – Piney Flats $3.5 Million Sale Tops Market; Most $1 Million+ Sales in Johnson City and Jonesborough
Tri-Cities sales of homes priced at $1 million were up in the first half of this year, but they took about two months longer to sell. Sales rose to 48…
Read MoreMove-Up Market Upper Tier: A Better Name for the $500,000 to $1 Million Home
There is a slice of the Tri-Cities housing market that no longer has the right name. Calling the homes between $500,000 and $1 million “luxury” doesn’t fit. Although the regional…
Read MoreTri-Cities Pending Home Sales Flat in June, Up 14.6% From 2025
Tri-Cities buyers signed 815 home purchase contracts in June. That was even with May and up 14.6% from a year earlier. Pending sales measure contracts signed rather than deals closed,…
Read MoreMARKET PULSE – Home Sales Climb 8% in First Half of 2026, Led by Move-Up Buyers
Tri-Cities home sales rose in the first six months of 2026, and the growth reached across most of the price range, according to the Northeast Tennessee Association of Realtors® (NETAR).…
Read MoreJohnson City Powers Broad June Housing Market
Executive Summary June was a healthy month, led from the center. Sales and prices both rose across the region. The strength was concentrated in Johnson City and Kingsport. Both showed…
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