Posts by Don Fenley
February Pending Home Sales up 3.2%
Tri-Cities pending home sales edged higher in February, rising 3.2% year-over-year to 609 signed contracts, compared with 590 last year. Pending sales are a leading indicator of housing activity based…
Read MorePrice Reductions, Concessions Remain a Home Sales Fixture
Almost half of the homes that sold in February did so after an average $30,367 price reduction. And 63% of the homes that sold followed concessions that averaged $17,1676. Both…
Read MoreLand Sales Lead Feb. Tri-Cities Commercial Transactions
Land sales are driving Tri-Cities commercial real estate transactions. The February data suggests that the local commercial market continues to be shaped by development-related land purchases, repurposing existing properties, and…
Read MoreMARKET PULSE: Median Home Sale Price up 5.6%
February’s home prices were back on track from January’s year-over-year performance. The early count had the median price at $275,000, up 5.6% from last year and up 2.3% from January.…
Read MoreMARKET PULSE: Townhome sales, prices up in January
The Tri-Cities townhome market opened the year with 26 sales, up 13.6% from a year ago. The average sales price reached $239,000, up 7.4% year over year. Regional inventory totaled…
Read MoreTri-Cities Pending Home Sales Up 36%
January Tri-Cities pending sales increased from both the previous month and January last year, according to the Northeast Tennessee Association of Realtors (NETAR). There were 683 homes under contract last…
Read MoreMARKET PULSE: Cash Sales Surge in $1 Million-Plus Home Market
Cash sales of $1 million-plus Tri-Cities homes surged in January, according to the Northeast Tennessee Association of Realtors (NETAR). January’s top sale was in NE Johnson City. The five-bedroom, eight-bath…
Read MoreJanuary home sales up 7.9%, prices down 3.5%
January’s Tri-Cities home sales were up 7.9% from last year, and the median sales price of $270,000 is down 3.54% from last year. The sales momentum was driven almost entirely…
Read MoreMARKET PULSE: Tri-Cities January new home sales fall 30% as prices rise
There were 49 new home sales in January, down from 70 a year earlier, according to the Northeast Tennessee Association of Realtors (NETAR). Despite fewer closings, the median new home…
Read MoreJanuary Commercial Real Estate Activity Reflects Stabilization
January 2026 commercial real estate transactions show the Tri-Cities market is transitioning from post-pandemic expansion to a more balanced, disciplined phase. The market is stabilizing at a higher post-pandemic baseline.…
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