Posts by Don Fenley
Tri-Cities Multifamily Market Cools: Vacancy Up
The Tri-Cities multifamily market posted a mixed fourth quarter in 2025, with rent growth decelerating sharply and vacancy rates rising in both metro areas tracked by the National Association of…
Read MoreMARKET PULSE – New home sales down 6%, prices up 9%
The Tri-Cities new home market closed Q1 2026 with fewer sales but higher prices. There was also a sharp change in where those homes are being built. Volume fell to…
Read MoreCommercial Real Estate Transactions Slip in Q1 as Land Deals Cool
Commercial real estate transactions declined 4.6% in the first quarter of 2026 compared to the same period a year earlier. A pullback in land and industrial deals drove most of…
Read MoreQ1 Tri-Cities Home Sales Shift Toward Affordable, Move-Up Markets
Home sales across the Tri-Cities region rose 9.3% in the first quarter of 2026, with growth concentrated in the affordable and move-up price segments while entry-level and luxury tiers lost…
Read MoreTri-Cities Home Sales Post Modest March Gain as Move-Up Market Surges; Luxury Segment Shows Deepening Seller Concessions
Home sales in the Tri-Cities region rose 6.2% in March, driven by a sharp 25.0% jump in the move-up market. At the same time, luxury market sales continued to decline,…
Read MoreMARKET PULSE: Buyers Get Price Breaks Before the Deal, At Closing Table
Almost half of the homes that sold in the Tri-Cities last month, 42.5%, had price reductions. That’s a slight uptick from 42.4% last year. Sellers are still reducing the original…
Read MoreMARKET PULSE: Mobile Homes Sales Up; Price Gains Modest
Tri-Cities mobile home sales were up 33% from last year, according to the Northeast Tennessee Association of Realtors (NETAR). There were 37 sales, up from 28 last year. Data from…
Read MoreTri-Cities Holds Affordability Edge; Regional Markets Show Diverging Growth Paths
The Northeast Tennessee Association of Realtors (NETAR) market continues to distinguish itself as the region’s affordability anchor while keeping pace with broader demand trends seen in Knoxville and Morristown. The…
Read MoreMARKET PULSE: Feb. $1 Million+ Home Sales Down 50%
Premium residential market sales were down 50% in February. There were four $1 million-plus sales compared to eight during the same month last year. February’s top of the market sale…
Read MoreRegion posts broad gains as Kingsport, Johnson City lead market activity
Home sales across the Tri-Cities region rose 11.8% in February compared to the same month a year ago, with 532 transactions recorded as buyer activity picked up across most community…
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