Posts by Don Fenley
November home prices up, sales decline
Home sales declined for the third straight month in November while prices improved from their October level. There were 741 closings last month. That’s 66 fewer than October and down 4.3 percent from November last year.…
Read MoreLocal cash sales continue in 30% of all sales range
Tri-Cities all-cash home sales mirrored the third-quarter national level, but they part paths when compared to their highest previous levels. The third-quarter U.S. cash deals were at their highest level since the first quarter of 2015. Local cash…
Read MoreCondo sales down, prices up 12%
Condominium sales remain a hot ticket in the local existing home sales market. So far this year, 469 condo sales have closed compared to 501 during the first 10 months of last…
Read MoreHome sales energizing overall local economy
So far this year, the sales volume for existing home sales reported by NETAR’s Home Sales Report is $1.9 billion. While that’s a big number, there’s more to the real estate’s impact on the…
Read MorePending home sales slow, sellers’ market hangs on
Pending home sales dipped in October as monthly accepted contract activity declined while the year-over-year comparison continued increasing. Pending sales are a leading indicator of housing activity based on signed contracts for existing single-family homes…
Read MoreHousing continues to outperform the rest of the economy
Home prices and mortgage rates are both climbing. But buyers have shrugged it off for most parts as the housing market continues to stay in front of the rest of the local economy with few –…
Read MoreLocal commercial real estate recovery gains momentum
The COVID-19 pandemic ravaged some commercial real estate sectors, but overall the market has bounced back. Investors have made a record number of local leases and sales so far this year. “There were 43 transactions finalized in October. That…
Read MoreOctober home sales down, prices increase at slower pace
October home sales were down but not enough to push the market’s year-to-date performance off its double-digit growth track. There were 807 closings last month. That’s 43 fewer than September and 30 fewer than October last year. So far this year, 7,911 single-family and condo…
Read MoreMarket begins normalizing – seller’s market expected to continue
October was the seventh-month inventory has stabilized. It was slightly lower than the previous month but the trend continues to show a steady increase. The same thing can be seen for the median time a home…
Read MoreWhere the market has taken home prices
Homeowners who sold in September pocked $26,000 more than those who sold in September last year. But if you look at the average sales price the gain it’s almost $40,000. The median offers a better picture than…
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