Posts by Don Fenley
MARKET PULSE – July’s top $1 million plus home sale was in Bristol, TN
The Tri-Cities Region added its 43rd $1 million plus home sale in July. That’s a 34.4% increase over sales during the first seven months of last year. There were seven…
Read MoreJuly pending home sales flat
July pending sales were flat as the housing market entered a third quarter of rising inventory and declining mortgage rates. Sellers accepted 176 new contracts, 34 fewer than the previous…
Read MoreMARKET PULSE – Mobile home increase sales share in affordable housing marke
Buyers seeking affordable housing are increasingly turning to manufactures homes as a resource. July sales were 38% higher than last year and the median sales price was up 11.7%. According…
Read MoreMARKET PULSE – Strained affordability leads builder to go smaller
New home shoppers will see smaller home offerings until the housing affordability issue eases in the Tri-Cities. It’s one way builders are coping with the economic realities of the affordability…
Read MoreMARKET PULSE – Inventory gains nudge market toward more balanced conditions
Buyers have more choice and better bargaining positions as the local home sales tend slouches toward a pre-pandemic level. That’s because slower sales are allowing faster inventory growth. July’s active…
Read MoreMARKET PULSE – New home sales up, prices down
New homes sold during the first half of this year were up by 41%, and the sales price was down 3.7% from last year. At the end of June 383…
Read MoreJune pending home sales flat
June’s pending sales were flat on the heels of a 20% decline in home sales. Sellers accepted 796 new contracts, one fewer than the previous month, and 42 more than…
Read MoreMARKET PULSE – June’s top sale was $4.2 million cash deal in Butler
A $4.2 million cash sale in Butler’s Horseshoe Cove was the region’s 36th $1 million plus sale in June. It also tops the luxury home sales category so far this…
Read MoreMARKET PULSE – Move-up and luxury markets run out of steam in June
June was a perfect storm of sorts for Tri-Cities area home sales. They posted their biggest loss so far this year. They were down a little better than 20% from…
Read MoreMARKET PULSE – Mobile home sales up in June
June was not a very good month for single-family detached home sales, but the same was not the case for mobile homes. There were 44 sales, and the median sales…
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