Posts by Don Fenley
MARKET PULSE – $1 million plus home market tightens, sellers show stronger price discipline
The Tri-Cities $1-million plus housing market is showing signs of tightening. There was one closing in April. That’s five fewer than last year. Last month’s top sale was $1.2…
Read MoreNew construction, relocation demand drives Washington Co. pending home sales up 4.7%
Pending home sales in Northeast Tennessee continued to signal resilient buyer local interest despite ongoing affordability challenges and tight inventory. The year-over-year volume has softened slightly, as has the overall…
Read MoreMARKET PULSE – Home sales hot spots – Bluff City, Blountville, Piney Flats
The Tri-Cities housing market exhibited continued modest strength in April, characterized by rising prices and an increase in consumer demand. The demand increase is not reflecting in the sales comparison…
Read MoreMARKET PULSE – April Mobile Home Prices Decline, Sales Increase
The mobile home market broke the trend line of softer sales and higher prices in April. Sales were up from last year while prices declined. Buyers had more options and…
Read MoreMARKET PULSE: Tri-Cities Q1 new home sales, prices increase; builders pulling more permits
Despite high mortgage rates, whiplash tariffs news with accompanying stock market gyrations, Tri-Cities new home sales increased 8% during the first quarter of this year. And prices are creeping up.…
Read MorePending home sales, inventory, new listing increase in March
Pending home sales, inventory, and new listing increased in March. The increases capped a lackluster start to the new year and signaled a more active prime home buying and selling…
Read MoreMARKET PULSE – $1.4 million Gray sale leads Tri-Cities robust luxury market
Flagging consumer confidence may be driving fewer home sales and softer prices in the broader housing market, but not in the Tri-Cities luxury market. First quarter $1 million plus sales…
Read MoreMARKET PULSE – Tri-Cities becomes a moderating seller’s market
Tri-Cities sellers continue to benefit from favorable housing market conditions, but things are changing. Here’s what’s driving the change. Increasing inventory and diminished demand are two of the top reasons…
Read MoreDownward pressure on home prices noted, but they’re still increasing
At the end of March, Tri-Cities active inventory was up 29.2% from last year. A noteworthy improvement, but 11% less than it was in its next best year (2020). That…
Read MoreTownhome sales plummet 38.9%, prices up 15%
While single-family homes sales continue their early spring lackluster performance last month, their numbers look pretty good when compared to the townhome/condo market. February’s home sales were down 14.1%, according…
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