Posts by Don Fenley
Market Pulse – April 12
Tri-Cities area home prices made another double-digit increase in March. The average residential resale price of $229,499 was 23.2% higher than last year. That’s good news for sellers and not-so-good…
Read MoreMarch sees strong growth for Tri-Cities commercial real estate
Tri-Cities commercial real estate saw its best month in over a year in March. Transactions were up 71.9 percent in the wake of a dramatic increase in office sector activity.…
Read MoreLocal home sales, prices set a blistering pace
The Tri-Cities area housing market isn’t waiting for the peak spring buying and selling season. March home sales hit a six-month high while the average price in the inventory-starved region…
Read MoreMarket Pulse – April 5
Buyers are flooding the housing market early in the year. With plenty of buyers and not as many sellers, homes are selling fast at higher prices. So far this year,…
Read MoreMarket Pulse – March 29
Land sales in the NETAR region continued an upswing last month. Here’s what the February numbers look like: – 151 sales – one more than in January and 45 more than…
Read MoreMarket Pulse – March 22
The current inventory-sales trend is good news for Tri-Cities homeowners who have or will have their homes on the market for the spring and summer buying and selling season. The…
Read MorePending home sales up by double-digits for 10th month
Sellers approved 178 more offers in February than February last year. That’s a 27.1 percent increase, and the 10th straight month new pending sales have increased by double digits. …
Read MoreMarket Pulse – March 15
Get ready to see some big home sales numbers. Beginning next month, the year-over-year residential closings numbers will be comparing today’s rising market to last year’s three-month COVID-induced sales decline.…
Read MoreLocal commercial real estate gains momentum
Commercial real estate (CRE) gained some local momentum in February. Transactions were up from January. Year-to-date transactions were better than the first two months of last year. And listing traffic…
Read MoreLocal home prices up 27% in February
Home prices soared 27.3 percent in February, while sales in the inventory-starved NE Tenn. – SW Va. market were up 9.3 percent. “It’s a crazy, red-hot market,” Northeast Tennessee Association…
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