Posts by Don Fenley
MARKET PULSE – Months of inventory dynamics stagnate
One of the most valuable housing market metrics is months of supply. That’s the number of months it would take to sell all the homes currently for sale, given the…
Read MoreNew contracts point to flat home sales
Pending home sales increased 2% from last year as the local housing market neared the peak of the prime home buying and selling season, according the to Northeast Tennessee Association…
Read MoreMARKET PULSE – Markets with hot five-month sales, price trends
A recurring item in monthly regional home sales reports for the last two and a half years has been declining home sales. It’s typically referred to as a retreat toward…
Read MoreMARKET PULSE – Bristol, VA nets region’s 27th $1 million plus sale
Eleven $1 million plus home sales closed in May, bringing the region’s total to 27 this year. A 10,412 sq. ft. home with a 22-ft. ceiling and marble floors in…
Read MoreMARKET PULSE – Yes, There’s Affordable Tri-Cities Area Housing, But…
Affordable housing – or the lack of it – gets a lot of attention these days. Some of it’s accurate. Some isn’t. Let’s look at the numbers. Good news first.…
Read MoreMARKET PULSE – Mobile home sales brisk in local affordability market
Mobile homes continued a brisk sales rate last month as affordability conscious buyers sought relief from higher prices in the detached single-family, townhome and condo markets. Thirty-six manufactured homes sold…
Read MoreMARKET PULSE – Region sees 12th million plus home sale this year
A $2.1 million Johnson City sale topped April’s top of the market list. The five bedrooms, five bath Park Place Community home has all the style, and extras that hallmark…
Read MoreMarket Pulse – Townhome-Condo Segment Has Best Market Gain
The townhome-condo housing market segment was the property type with the largest gains in April. Prices were up 13.3% with the $150K-$250K price range selling the quickest as first-time buyers,…
Read MoreMove-up, luxury markets push April pending home sales higher
The Tri-Cities area housing market continues a slow, steady gain as it moves into the second quarter. The Pending Sales Index, which benchmark to a pre-pandemic level, is up 8.9%.…
Read MoreMARKET PULSE – Local home equity performance tops TN and US levels
Although housing affordability and accessibility remains challenging, the first quarter equity status of outstanding mortgages testify to wealth production in today’s local market. The equity positions of Tri-Cities area mortgaged…
Read More