Posts by Don Fenley
Local housing demand ticks up, sales plummet
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…
Read MoreJuly 2023, Market Analytics
Spotlight on cash sales, discounts for June’s local home sales
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…
Read MoreLocal vacant land sales down 24%, demand still strong
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…
Read MoreLuxury home sales spike in June
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 –…
Read MorePending home sales point to softer market
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…
Read MoreBuyers gaining ground, but it’s still a sellers’ market
GRAY – Mid-year market reports that show all but the affordable market is on the threshold of balanced market conditions begs the question: where’s the new buyer bargaining power showing…
Read MoreCommercial real estate deals down, market resilient
GRAY – Commercial real estate transitions in June and the first half of this year have been tepid while the overall market has remained resilient, according to the Northeast Tennessee…
Read MoreJune home prices at new high, sales decline, market balances
GRAY – Home sales continue their slow decline and prices hit a new high in June. “We’re really beginning to see the transitioning of the market to a new normal,”…
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