Posts by Don Fenley
Pending sales up, new life stirs in affordable housing market
Pending sales point to a recovery from January’s lackluster market performance. And they’re not the only thing looking up in a market seeing softer demand. There was a pending sales…
Read MoreMARKET PULSE – Condo/townhome market off to a slow start
Market Pulse 2-18 Condominium sales got off to a slow start last month. They matched last year’s performance, but were down 22% (six sales) from December. So was the $201,153…
Read MoreMARKET PULSE – $1 million housing market off to good start
The regions’ million-dollar home sales club kicked off 2024 with four sales. It would have been six, but two dropped below the $1 million mark when owners reduced their asking…
Read MoreJan. City-Community Home Sales Analytics
January home sales retreat, prices up 8.6%
GRAY – January’s housing market saw some rollercoaster price swings while sales continued retreating to pre-pandemic levels. Most price swings resulted from skews driven by luxury home sales as hopes…
Read MoreMarket Pulse – Improved housing market eyed to help boost local economy
One area of the housing market that doesn’t get a lot of public attention is its role in the economy. Local governments generate significant tax revenue from real estate transactions,…
Read MoreLast year’s local commercial transactions down 19.6%
Local commercial real estate transactions were down 19.6% in 2023. And while it wasn’t the best of years from a transaction standpoint, it was a pretty good year. It was…
Read MoreMarket Pulse – Outlooks shifting toward 2024 home price increases
There’s a slow, but broad shift in 2024 housing market outlooks and it falls in line with the Tri-Cities regional on-the-ground fundamentals. Realtor.com’s economic division headlined a report that “The…
Read MoreRegion’s existing home for sale inventory continues slow walk
GRAY – Although it’s not the end-all to the region’s housing woes, the number of homes on the market is a critical factor. Since 2019, the region has slipped into…
Read MoreMARKET PULSE – Million dollar, luxury home sales post robust year
Three million dollar plus residential sales closed in December, bringing the Tri-Cities area annual top-of-the market residential sales total to 59. Last year’s top sale was in Kingsport for $4.4…
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