Posts by Don Fenley
Market Pulse – February, 23, 2021
The Tri-Cities region land rush is continuing into 2021. When you combine building lots to vacant land for homes, commercial ventures, agriculture, and now investments, sales were up 48.5% last…
Read MoreTri-Cities commercial real estate continues slow recovery
The Tri-Cities’ commercial real estate (CRE) market continued eking out a slow recovery in January despite continued economic challenges. Transactions and new listings were up from last year, and the…
Read MoreHousing market posts double-digit increases
The NE Tenn. – SW Va. housing market stayed on a double-digit increase pace last month. “January usually isn’t one of the stronger housing months, but this market is…
Read MorePending home sales report shows robust market
Sellers accepted 660 offers in December. That’s 200 fewer than during November but 155 more than December last year. “There is some month-over-month seasonal slowing, but it’s nothing to worry…
Read MoreTri-Cities 2020 commercial real estate transactions up
Office, industrial, vacant land deals were market’s leaders It wasn’t a big increase, but during a year that saw the worst crash since the Great Depression, the local commercial…
Read MoreThe local housing market just posted its best-ever year
December was one of the best-ever months for the local housing market, and it closed the books on one of the best-ever years for sales and price heights. “It was…
Read MoreNov. pending home sales drop to 7-month low, still at robust level
The NE Tenn. – SW Va. housing market took a breather in November. Pending sales dropped to a seven-month low. But it wasn’t much of a slowdown. There were 860…
Read MoreNovember commercial transactions up 21.4%
Office, industrial, vacant land deals best CMLS performers The local commercial real estate market is slowly clawing itself out of the COVID-19 black hole. Recovery continues to be uneven, with…
Read MoreNovember home sales down, but it’s still a hot seller’s market
Sales were down slightly from October but up 22.7% from last year. The average resale price was $222,142, up 26.7 percent After an expected minimal seasonal slowdown, Northeast Tennessee and Southwest…
Read MoreHousing pending sales surge to second-highest level this year
Pending sales surged to a three-month high in October. Sellers accepted 965 new contracts (pending sales), up from 921 in September. October’s pending sales are at a 17.3% increase in…
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