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Posts by Don Fenley

Townhome sales down, trend remains strong

By Don Fenley | August 19, 2023

Townhome sales declined for the second month in July, but when compared to the rest of the residential sales market, their track record and trend line look strong. July’s overall…

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Pending home sales decline for second month 

By Don Fenley | August 17, 2023

GRAY, TN – July’s pending sales and the Northeast Tennessee Associations of Realtors’ (NETAR) Pending Sales Index arced lower for the second straight month as the market moved past the…

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Strip centers commercial real estate’s hot item

By Don Fenley | August 14, 2023

Strip centers are one of the hottest tickets in the Tri-Cities area – and US – commercial real estate these days. High occupancy rates have become the norm, according to…

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Inventory is housings most pressing issue

By Don Fenley | August 12, 2023

Despite growing affordability concerns, the local housing’s biggest challenge is inventory. The situation can be summed up in a simple, short sentence. Home buying demand is high while housing continues…

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Local housing demand ticks up, sales plummet 

By Don Fenley | August 7, 2023

NE TN – SW VA home sales declined sharply last month despite a slight increase in demand. At the same time, prices were up from last year but retreated from…

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July 2023, Market Analytics

By Don Fenley | August 6, 2023
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Spotlight on cash sales, discounts for June’s local home sales

By Don Fenley | August 5, 2023

GRAY – Cash hasn’t lost its luster in this market of fewer sales and higher prices. During the second quarter, there were almost 700 cash sales. That’s 36% of all…

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Local vacant land sales down 24%, demand still strong

By Don Fenley | July 28, 2023

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…

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Luxury home sales spike in June

By Don Fenley | July 22, 2023

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 –…

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Pending home sales point to softer market

By Don Fenley | July 17, 2023

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…

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Recent Posts

  • Complex housing market increases Realtors’ worth 
  • Rental market is tight, but vacancy rates vary
  • National firms put more pressure on local mom-and-pop firms
  • Pending home sales post small seasonal gain
  • Number of cash home sales decline

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