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Posts by Don Fenley

September Northeast Tennessee Home Sales – Prices Surge to New Highs

By Don Fenley | October 15, 2020

The local housing market again surged into uncharted territory in September. Residential closings and the average sales price hit all-time highs while inventory and mortgage rates remained at all-time lows.…

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Northeast Tennessee’s Commercial Real Estate Market Slow Recovery Continues

By Don Fenley | October 13, 2020

In September, the commercial real estate market recorded another best month of the year, according to the Northeast Tennessee Association of Realtors (NETAR) monthly Commercial Real Estate Report. Transactions were…

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August pending home sales soften, still on record pace

By Don Fenley | September 23, 2020

New pending sales were down in August, but not by much. There were 962 new contracts (pending sales) at the end of the month – down from 980 in July.…

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NE TN home sales, prices continue increasing

By Don Fenley | September 17, 2020

Northeast Tennessee’s housing market continued its robust recovery for the initial COVID-19 economic shock in August. Home sales were up 9.4%, and the average sales price was an 8 %…

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Tri-Cities commercial real estate market better than what the data shows

By Don Fenley | September 15, 2020

August was the best month so far this year for Tri-Cities commercial real estate (CRE) transactions. Web traffic to local listings was also at a 2020 high. But, the number…

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Tri-Cities commercial real estate has best month so far this year

By Don Fenley | September 14, 2020

  August was the best month for Tri-Cities area commercial real estate (CRE) so far this year. The transactions total equaled last August’s performance, and listing traffic was at its…

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July pending home sales set new area high point

By Don Fenley | August 26, 2020

New pending sales set another high point for the NE Tennessee housing market in July. There were 980 new contracts (pending sales) at the end of the month – up…

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NE Tenn. home sales continue robust pace in July

By Don Fenley | August 14, 2020

Northeast Tennessee home sales increased 11% in July, and the average sales price was up 7.5%. There were 818 resale closings in July, 81 more than July last year. The…

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Tri-Cities area commercial real estate market perks up in July

By Don Fenley | August 11, 2020

Tri-Cities commercial real estate (CRE) began looking a little more like the residential market in July. Transactions increased. Listing sank to a seven-month low. And consumer activity increased. But when…

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June NE Tenn. pending home sales stay on a hot market pace

By Don Fenley | July 20, 2020

New pending sales increased in June. It was a small increase from May’s total, but it was a clear signal the market is not cooling off. There were 889 new…

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  • Tri-Cities 2020 commercial real estate transactions up
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  • The local housing market just posted its best-ever year

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