Posts by Don Fenley
March townhome prices set new benchmark
March’s condo-townhome sales burst onto the spring market with a 36 percent price increase and sales that doubled from the previous month. Last month’s $204,750 median price was the housing…
Read MoreMarch home sales increase, prices dip
GRAY, Tenn. – NE Tenn. housing market went into spring selling and buying mode last month. Sales were up 43 percent from February while prices gave up a little ground. …
Read MoreNew home market gets competitive with existing home sellers
Inventory is making snail’s pace increases in NE Tenn. and it’s giving the new home market an advantage to be more competitive with the existing sales market. The local market…
Read MoreFlip sales lessened inventory shortage pain
GRAY, Tenn. – Investors who flip homes have shouldered an increasing role in the NE Tenn. market since 2018 when demand for existing homes pushed inventory below balanced conditions. That…
Read MoreAll-cash home sales are down so far this year
Buyers have backed off cash sales so far this year. In January, they accounted for 28.9 percent of all sales. They picked up to 31.6 percent in February which is…
Read MoreTop earners turning to renting instead of buying
GRAY, TENN. – NE Tennessee’s multi-family housing sector has equaled and, in some cases, exceeded demand in the single-family market. Some research by the Wall Street Journal adds some context…
Read MoreNE Tenn. Pending Homes Sales Up 16%
GRAY, TN – Pending homes sales make their second straight double-digit increase in February and there was a significant decrease in the time properties spend on the market before closings.…
Read MoreInvestors keep local commercial real estate market buzzing
GRAY, TN – February was the second straight month commercial transactions have been stagnant when compared to last year. But there’s background activity that the public never sees or hears…
Read MoreDiscounting shows today’s housing market is kinder to buyers
While the Northeast Tennessee region has seen a slight improvement in active housing inventory, the months of inventory metric is stubbornly stuck in the 1.6 to 1.7 months range. It’s…
Read MoreHome sales, prices shrug off winter doldrums
GRAY, TN – The Tri-Cities housing market began shrugging off its winter doldrums in February. Sales reversed a seven-month decline and prices perked up after an eight-month stagnant stretch. “Sales…
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