Posts by Don Fenley
Communities with increased market share of home sales
Market share is a key indicator of a company’s competitiveness. The market share of home sales is also an indicator of how communities or even neighborhoods are growing or declining. That…
Read MoreSept. pending home sales decline
After four months of flat performance, pending sales were down in September. Owners accepted 996 offers for single-family and condos – a decline of 103 from August. After four months of flat performance, pending sales…
Read MoreStrong market absorbing limited townhome-condo inventory
Unlike the single-family existing home market’s slowly increasing active inventory the townhome and condo inventory is slowly declining. The sales price has increased by double digits like the single-family market. There were 83…
Read MoreCommercial real estate continues above pre-pandemic performance
Commercial real estate (CRE) transactions hit a slump in September but it didn’t dent the local market’s momentum. So far this year, completed sales and leases are up 63.4%. The…
Read MoreActive inventory trend shows more homes coming on market
It’s not a quick return to balanced market conditions. Still, the month-over-month trend continues showing more homes are being added to the NE Tenn. – SW Va. active inventory. September was the sixth straight month…
Read MoreSeptember housing market takes a breather
The September housing market took another step toward a traditional seasonal pattern in NE Tenn. and SW Va. Monthly home sales and prices declined from August while the average price was substantially higher…
Read MoreVacant land sales continue at a robust pace
Mark Twain’s advice to” Buy land, they aren’t making it anymore” is as good advice now as it was in his era. And while they’re not making any more of it, there’s no scarcity of it…
Read MoreListing price trend – the other side of housing market appreciation
Although listing price trends don’t get as much attention as sales prices, they are indicators that warrant some attention. The average listing price in August was $345,866. That’s 21% higher than…
Read MoreAppreciation growth rate can accommodate price softening
Another indicator that a little bit of the bloom is coming off the local housing market is the number of price reductions showing up. During the first 12 days of September, there were 13 of…
Read MorePending home sales growth rate slows
Homeowners accepted 1,099 offers for single-family and condo sales in August. It was the fourth month pending sales have been flat. Both the long and short-term trends have returned to the traditional pattern of seasonal slowing as…
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