Posts by Don Fenley
August’s top sale was in Greeneville – $1.42 million
August’s $1 million plus home sales held steady year-over-year at five closings, but the shape of the top end of the luxury market is shifting. In August, buyers favored smaller…
Read MoreBest local housing market resource according to pro level AI
Here’s how a session with Gemini Pro artificial intelligence about the most reliable source for housing market information went. ChatGpt had a similar answer. Question submitted to Gemini Pro AI:…
Read MoreMARKET PULSE – Price Cuts, Buyer Bargains Define August Housing Market
Executive Brief Buyers Exerting more Power is a Clear Trend The August housing market underscored a clear trend: sellers who cut their asking price ended up trimming deep, and most…
Read MoreMAKET PULSE – August Housing Market Holds Firm Heading Into Fall
The Tri-Cities housing market is still moving forward despite higher borrowing costs and affordability concerns. Closing held steady at 764 in August, a modest gain over last year’s 720 sales.…
Read MoreMEDIA PULSE: New Home Sales Flat, But The Market Is Shifting
New-home sales held steady in July, matching last year’s total of 68 closings. But beneath that flat headline number the market is shifting. Move-up homes continue to anchor activity, luxury…
Read MoreMARKET PULSE: Tri-Cities luxury home market up 17%, expands beyond metros
Luxury home sales in the $500K to $1 million price range jumped from 76 in July 2024 to 89 in July 2025. That’s a 17% increase year-over-year. The rise wasn’t…
Read MoreJuly Tri-Cities home sales down, prices up
The Tri-Cities housing market cooled slightly in July, with 752 closings, down 2.3% from last year. Despite the dip in transactions, prices held steady. The median sales price rose to…
Read MoreMARKET PULSE: July Million-Dollar Homes Move Faster With Smaller Discounts
Northeast Tennessee’s luxury home market is proving resilient with more sales, steady prices, and a growing appetite for high-end living. July and the year-to-date numbers show an expansion despite more…
Read MoreMARKET PULSE: Tri-Cities Housing Market: Sellers Blink, Price Cuts Surge
The ground shifted under Tri-Cities home sellers’ feet in July. For the second month in a row, home sales slipped, and this time price reductions surged. They were at their…
Read MoreMARKET PULSE: Midyear Townhomes Outperform Housing Market
The first half of 2025 confirmed that townhomes are gaining traction in the Tri-Cities. Their market share is small compared to detached home sales, but they’re growing. They’re growing because…
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