Posts by Don Fenley
Local 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…
Read MoreMarket Pulse – March 8, 2021
Realtor.com’s economic forecasting team thinks the market will return to seasonality this year. The typical seasonal patterns were tossed out the window last year as individuals and the markets adjusted…
Read MoreMarket Pulse – March 1st, 2021
The average local homeowner who sold last month pocketed an average $37,438 more than someone who sold January last year. That’s a 21.2 percent year-over-year appreciation and better than double…
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