Posts by Don Fenley
NE Tenn. home sales continue robust pace in July
Northeast Tennessee home sales increased 11% in July, and the average sales price was up 7.5%. There were 818 resale closings in July, 81 more than July last year. The…
Read MoreTri-Cities area commercial real estate market perks up in July
Tri-Cities commercial real estate (CRE) began looking a little more like the residential market in July. Transactions increased. Listing sank to a seven-month low. And consumer activity increased. But when…
Read MoreJune NE Tenn. pending home sales stay on a hot market pace
New pending sales increased in June. It was a small increase from May’s total, but it was a clear signal the market is not cooling off. There were 889 new…
Read MoreNE Tenn. June home sales, average price sets new records
Northeast Tennessee home sales roared back into record territory in June. Closings on residential resales were 40.9% better than May and up 9.9% from June last year. The average sales…
Read MoreMid-year Tri-Cities commercial real estate transactions down 22.5%
Unlike its residential cousin, commercial real estate (CRE) isn’t seeing an early and robust rebound from the initial economic Covid-19 pandemic shock. Total transactions for the first half of this…
Read MoreNE Tenn. new pending home sales increase for May
As new pending sales for the local market rose in May, experts anticipate more significant growth in June and July. There were 881 new contracts at the end of the…
Read MoreMay home sales bounce from April’s total, down 21.7% from last year
May’s home sales made a slight bounce from April but continue to be gripped by the coronavirus economic fallout. There were 569 closings in May, up 4.7% from April, and…
Read MoreTri-Cities commercial real estate transactions struggle with COVID-19 economic fall out
Tri-Cities commercial real estate (CRE) transactions continued laboring with the economic fallout of COVIX-19 in May. The short-term numbers are about what you would expect. May sales were down 40%…
Read MoreNew pending home sales softening
New pending sales declined in April as the local market reacted to the economic fallout from the coronavirus pandemic. There were 688 new contracts (pending sales) at the end of…
Read MoreNew pending home sales see a small increase in March
The economic fallout from the coronavirus pandemic did not have much effect on new contracts for residential resales in March. There were 798 new contracts (pending sales) at the end…
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