Posts by Don Fenley
Local vacant land sales down 24%, demand still strong
GRAY – The demand for vacant land in NE TN is strong, but total sales are down by 24 percent. According to the Northeast Tennessee Association of Realtors (NETAR) there…
Read MoreLuxury home sales spike in June
June was an exception to a luxury home market that has softened so far this year. Thirteen $1 million plus home sales closed last month in the NE TN –…
Read MorePending home sales point to softer market
GRAY, TN – Pending sales and NETAR’s Pending Sales Index point to a weaker market during what is typically the busiest months of the year. June’s pending home sales pace…
Read MoreBuyers gaining ground, but it’s still a sellers’ market
GRAY – Mid-year market reports that show all but the affordable market is on the threshold of balanced market conditions begs the question: where’s the new buyer bargaining power showing…
Read MoreCommercial real estate deals down, market resilient
GRAY – Commercial real estate transitions in June and the first half of this year have been tepid while the overall market has remained resilient, according to the Northeast Tennessee…
Read MoreJune home prices at new high, sales decline, market balances
GRAY – Home sales continue their slow decline and prices hit a new high in June. “We’re really beginning to see the transitioning of the market to a new normal,”…
Read MoreJune 2023 Market Analytics
Affordability, inflation key to market’s year-end performance
GRAY, Tenn. – Buyers still have to contend with a sellers’ market, but their bargaining position is getting better, especially in the move-up market’s sweet spot – $300K-$399,999K. June sweet…
Read MoreMove-up market slowly moves to balanced conditions
GRAY – The NE TN – SW VA housing market is slowly moving toward balanced market conditions in the move-up market. That market segment has two price bands – $300K-$399,999…
Read MoreMay best month of this year for townhome sales
GRAY, Tenn. – Townhome/condo said has their best month of the year during May. There were 40 closings, up from 24 last year. The median sales price was $197,500. This…
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