Posts by Don Fenley
May pending home sales up 9.9 percent from April
Homeowners accepted an all-time high of 1,083 offers for single-family and condo sales in May. That’s a 9.9 percent increase from April and 23.2 percent higher than May last year. Pending sales are a leading indicator of…
Read MoreSigns for slowing price growth rate
May’s median existing-home sales price was 18.8% higher than it was in May 2020. That double-digit year-over-year trend has been consistent for 10 of the past 11 months. And while it’s less…
Read MoreCommercial real estate has best month so far this year
Tri-Cities commercial real estate posted its best month so far this year in May. There were 59 transactions. Last year there were 25. So far this year there have been 226 transactions,…
Read MoreIs today’s red-hot market overpriced?
How much – if any – is today’s existing home sales overpriced is a question on the minds of buyers, sellers, and real estate professionals. It’s a question that will remain unanswered…
Read MoreAnother double-digit increase for home sales, prices
Home sales and prices continued at a double-digit pace in May despite a slight softening from April’s totals. “There are some ever-so-slight declines in sales and prices, but the overall market shows no immediate…
Read MoreSome inventory relief, but no sign of a softening market
Inventory made the second monthly ever-so-slight increase in May. At month’s end, there were 1,048 active listings, up from 995 in April. That’s still a little less than half of the active…
Read MoreHow to find the best home sales comparisons
May will be the final month for the inflated home sale comps this year. They’re inflated because it compares today’s strong market to one where the growth rate bottomed out while the pandemic was trashing the economy. May 2020 local sales were…
Read MoreTracking market demand with NETAR’s reports
May 24 Market Pulse There was a time when “what kind of foreclosures are out there” was the most common question a Realtor® heard. And then it was, “how’s the market doing?” Nowadays, it’s…
Read MoreCommercial real estate shaking off slump
Market Pulse – May 17 The last two monthly NETAR Commercial Real Estate (CRE) Reports point to a sector shaking off pandemic effects and gearing up for getting back to business as usual. So far this year, the transactions trend is up 44% from…
Read MoreLocal housing market sees robust April pending sales
If you liked April’s home sales numbers, look for more of the same in May and June. Homeowners accepted 985 offers for single-family and condo resales in April, setting the stage to continue a strong prime home buying and…
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