Posts by Don Fenley
Pending sales increase 8% – affordable, move-up, luxury markets up
Pending sales were up 8% from Nov. last year following a 1% increase in Oct. The Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index, which benchmarks the market to…
Read MoreMARKET PULSE – Condo sales inch up, prices decline
Condos barely held onto a sales upswing in November while prices continued falling from their September peak. According to the Northeast Tennessee Association of Realtors (NETAR), there were 29 sales…
Read More$3.6 million cash sale tops Nov. luxury market
The top of November’s luxury existing home market was a $3.6 million cash sale in Johnson Co. Seven other million-dollar closings nudged the year-to-date total to 44, according to the…
Read MoreHome sales decline settles, prices down
The downward arch of area home sales eased in November while prices declined for the second straight month. There were 600 closing in the Northeast Tennessee Association of Realtors (NETAR)…
Read MoreNov. 2023 Housing Market Analytics
Cash Isn’t The King It Used To Be
Once upon a time, cash sales accounted for half – or more – of the Tri-Cities area single-family existing home sales. Despite the “once upon a time” intro, it’s no…
Read MoreLiving large in Tri-Cities area housing market on the upswing
Million dollar-plus sales lag last year’s total, but the top-end of the existing residential market isn’t suffering. The same goes for the $500K and up luxury market, which has picked…
Read MoreCondo/townhome sellers see 20% price gain
The highest mortgage rate in years, a stubborn inventory shortage, higher home prices, and higher rents continue stimulating the new and existing condos/ townhomes market. A typical condo owner who…
Read MorePending sales up 1%; Luxury market contracts double
GRAY – October was a month for small gains in the local housing market everywhere except the luxury market where pending sales doubled. New listings in the move-up market are…
Read MoreHeadwinds blunt commercial real estate transactions
Early fourth quarter commercial real estate transactions typically signal the close the year and a preview for the coming year’s strong start. But not this year. The region is engulfed…
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