Posts by Don Fenley
Vacant land sales decline
There were 2,400 vacant land sales in the Tri-Cities region last year, down 299 from the previous year. The softer market came on the heels of two years of rapid…
Read MoreThe slow train to more inventory
Location, location, location is still dominant in real estate jargon. But inventory, inventory, inventory is right up there with it. Tri-Cities home sales declined for the first time in a…
Read MoreTri-Cities area pending home sales drop to 5-year low
Tri-Cities area pending sales fell to a five-year low in December. Sellers accepted 421 new contracts, down 184 from November and 236 fewer than in December last year – a…
Read MoreTri-Cities area high-end, luxury home market growing
GRAY, Tenn. – Tri-Cities home sales declined for the first time in a decade last year. But the living large in the Tri trend still has legs. Here’s a brief…
Read More2022 was another banner year for multi-family sales
GRAY, Tenn. – Last year was the year for multi-family sales in the Tri-Cities area. They replaced the office sector as the top area commercial real estate performer, according to…
Read MoreMarket watchers will need extra data tools this year
There was a time when real estate market watchers could keep tabs on the time a home spent on the market before selling and the monthly pending sales report and…
Read MoreDecember home sales down 38%, prices up 4.6%
GRAY, Tenn.–Tri-Cities area home sales continued a six-month decline in December while prices remained plateaued near record highs. December’s report mirrors the annual market picture. Rapid mortgage rate increases that…
Read MoreWashington, Hawkins counties’ real estate were standouts coming out of pandemic
GRAY, Tenn. – Here’s a benchmarking look back at how the local real estate industry’s GDP looked coming out of the pandemic. GDP is the industry’s total economic output. The…
Read MoreTri-Cities pending sales continue declining in November
GRAY, Tenn. – Tri-Cities area pending sales continued falling in November. Sellers accepted 605 new contracts, down 81 from October and 171 fewer than November last year, for a 22%…
Read MoreTri-Cities vacant land market slower, not in correction mode
Tri-Cities vacant land sales are looking a lot like a market in a typical seasonal pattern. It’s not that much different from other real estate market elements like residential resales…
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