Posts by Don Fenley
MARKET PULSE: Sellers Aim High, Market Pushes Back
The Tri-Cities housing market is sending a message: buyers are gaining leverage, and sellers are adjusting their strategies. While initial asking prices are holding steady, the reality of getting to…
Read MoreTri-Cities Commercial Transactions Up 26.6% as Multi-Family Demand Builds
More Tri-Cities commercial property came to market last month, and more of it moved Commercial real estate transactions across the Tri-Cities region totaled 157 in June, up from 124 a…
Read MoreTri-Cities Home Prices Outrun Inflation as June Sales Climb
Tri-Cities home prices grew faster than inflation in June, while sales climbed and supply tightened, according to the Northeast Tennessee Association of Realtors® (NETAR). June’s median sales price was $308,750.…
Read MoreMARKET PULSE: Townhome Market Sees Less Demand, Small Price Increase
Tri-Cities townhome sales cooled in May while prices barely moved. Buyers gained negotiating room as homes took about four more weeks to sell than a year earlier, according to the…
Read MoreMARKET PULSE: $1 Million Home Sales Slow, Sellers Cut Prices, Johnson City Leads Sales
The top end of the Tri-Cities housing market has cooled. Homes priced at $1 million or more still sell for about what they did a year ago. But they’re on…
Read MoreLuxury Market Drives Tri-Cities 10% Pending Home Sales Increase
Tri-Cities pending home sales are signaling a market shifting toward higher price points. Demand stayed strong in May even as new supply barely grew. Pending sales are up 10% from…
Read MoreMARKET PULSE: New home prices up 20.6%, sales flat
Tri-Cities’ new home market didn’t grow in size in May; it grew in price. The median price for a new construction home was $387,932 That’s up 20.6% from last year.…
Read MoreMARKET PULSE: Tri-Cities Mobile Prices Up, Sales Down
Tri-Cities manufactured home prices increased last month, while the number of sales eased. The median sales price was $225,000, up 5.9% from last year. Most sellers gave ground to get…
Read MoreMay Tri-Cities Commercial Activity Flat; Inventory Builds
The Tri-Cities commercial real estate market closed 146 transactions in May. That was two fewer than the same month last year. So far this year, the region has logged 643…
Read MoreTri-Cities Home Sales Flat, Prices Up
May’s Tri-Cities home sales stayed flat from a year ago while prices posted single-digit increases. There were 790 sales as of the 10th of the month, up 0.1% from last year.…
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