Latest news

November home prices up, sales decline

By Don Fenley / December 6, 2021

Home sales declined for the third straight month in November while prices improved from their October level.   There were 741 closings last month. That’s 66 fewer than October and down 4.3 percent from November last year.…

Read More

October home sales down, prices increase at slower pace

By Don Fenley / November 8, 2021

October home sales were down but not enough to push the market’s year-to-date performance off its double-digit growth track.  There were 807 closings last month. That’s 43 fewer than September and 30 fewer than October last year. So far this year, 7,911 single-family and condo…

Read More

September housing market takes a breather

By Don Fenley / October 6, 2021

The September housing market took another step toward a traditional seasonal pattern in NE Tenn. and SW Va. Monthly home sales and prices declined from August while the average price was substantially higher…

Read More

August home prices surge to an all-time high

By Don Fenley / September 7, 2021

There are signs the local housing market is slowly transitioning to more normal conditions. Demand is ebbing, and inventory is gradually increasing. But that didn’t pull August prices and closings off a record-setting pace.  Prices were at all-time highs. And closings were at an…

Read More

NE Tenn. – SW Va. home prices soften, sales up

By Don Fenley / August 6, 2021

Buyers got a little relief from rising home prices in July while sales entered the second half of the year on the upswing.  “July was a month of second bests,” said Northeast…

Read More

June local home sales, prices up – market transitioning

By Don Fenley / July 6, 2021

June’s home sales were up 6.4 percent from May, and the average sales price was 9.8 percent higher.  “Last month’s housing data – with the exception of prices – also began showing signs that the local…

Read More

Another double-digit increase for home sales, prices

By Don Fenley / June 7, 2021

Home sales and prices continued at a double-digit pace in May despite a slight softening from April’s totals.   “There are some ever-so-slight declines in sales and prices, but the overall market shows no immediate…

Read More

Local home prices soar in April; inventory hits all-time low

By Don Fenley / May 6, 2021

Home prices continued double-digit growth in April as inventory dropped to an all-time low. At month’s end, the region monitored by the Northeast Tennessee Association of Realtors (NETAR) Home Sales Report had a 1.3-month supply of homes for sale.  “It was a given…

Read More

Local home prices up 27% in February

By Don Fenley / March 8, 2021

Home prices soared 27.3 percent in February, while sales in the inventory-starved NE Tenn. – SW Va. market were up 9.3 percent. “It’s a crazy, red-hot market,” Northeast Tennessee Association…

Read More

Housing market posts double-digit increases

By Don Fenley / February 4, 2021

The NE Tenn. – SW Va. housing market stayed on a double-digit increase pace last month.    “January usually isn’t one of the stronger housing months, but this market is…

Read More