Posts by Don Fenley
Pending Home Sales Down for the Second Straight Month
New pending sales continued softening for the second consecutive month in September. That hints that while the market is still on a record sales pace, there is a little bit…
Read MoreSeptember Northeast Tennessee Home Sales – Prices Surge to New Highs
The local housing market again surged into uncharted territory in September. Residential closings and the average sales price hit all-time highs while inventory and mortgage rates remained at all-time lows.…
Read MoreNortheast Tennessee’s Commercial Real Estate Market Slow Recovery Continues
In September, the commercial real estate market recorded another best month of the year, according to the Northeast Tennessee Association of Realtors (NETAR) monthly Commercial Real Estate Report. Transactions were…
Read MoreAugust pending home sales soften, still on record pace
New pending sales were down in August, but not by much. There were 962 new contracts (pending sales) at the end of the month – down from 980 in July.…
Read MoreNE TN home sales, prices continue increasing
Northeast Tennessee’s housing market continued its robust recovery for the initial COVID-19 economic shock in August. Home sales were up 9.4%, and the average sales price was an 8 %…
Read MoreTri-Cities commercial real estate market better than what the data shows
August was the best month so far this year for Tri-Cities commercial real estate (CRE) transactions. Web traffic to local listings was also at a 2020 high. But, the number…
Read MoreTri-Cities commercial real estate has best month so far this year
August was the best month for Tri-Cities area commercial real estate (CRE) so far this year. The transactions total equaled last August’s performance, and listing traffic was at its…
Read MoreJuly pending home sales set new area high point
New pending sales set another high point for the NE Tennessee housing market in July. There were 980 new contracts (pending sales) at the end of the month – up…
Read MoreNE Tenn. home sales continue robust pace in July
Northeast Tennessee home sales increased 11% in July, and the average sales price was up 7.5%. There were 818 resale closings in July, 81 more than July last year. The…
Read MoreTri-Cities area commercial real estate market perks up in July
Tri-Cities commercial real estate (CRE) began looking a little more like the residential market in July. Transactions increased. Listing sank to a seven-month low. And consumer activity increased. But when…
Read More