Latest news

December home sales down 38%, prices up 4.6% 

By Don Fenley / January 6, 2023

GRAY, Tenn.–Tri-Cities area home sales continued a six-month decline in December while prices remained plateaued near record highs.  December’s report mirrors the annual market picture. Rapid mortgage rate increases that…

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Home sales down, prices up from last year 

By Don Fenley / December 6, 2022

GRAY, Tenn. – Tri-Cities area home sales were down for the fifth straight month in November. The price growth rate slowing also continued but not enough to cause a decline.…

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Tri-Cities area home sales down, prices flat 

By Don Fenley / November 7, 2022

GRAY, Tenn. – Spiraling mortgage rates continued squeezing Tri-Cities area home sales last month. Closings declined for the eighth straight month in October while prices were stubbornly flat.   “The market…

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Tri-Cities’ hot housing market shows some cracks   

By Don Fenley / September 6, 2022

GRAY, Tenn. – The Tri-Cities area’s red-hot housing market is beginning to show cracks. August sales were down from last year, and the sales price increased. But the trend is…

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Tri-Cities area home prices continue climbing, sales down

By Don Fenley / August 8, 2022

GRAY, Tenn. – July’s Tri-Cities area home sales were down from last year while prices continued their roller-coaster ride. One example of that ride is the Piney Flats average existing…

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 June home prices back off all-time high, sales perk up 

By Don Fenley / July 7, 2022

June’s typical home sale price backed-off May’s all-time high, but not by much. At the same time, closings perked up from the previous month.  “Almost all six-month trend metrics are…

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May home prices hit new highs, sales down  

By Don Fenley / June 7, 2022

Northeast Tennessee’s home sales are slowing, but not prices. They hit new highs last month.   “While it’s inevitable that rising prices will slow down in the coming months, it hasn’t…

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Feb. home sales flat, prices continue double-digit gains  

By Don Fenley / March 7, 2022

Home sales were flat in February, while the persistent low inventory kept prices in double-digit gain territory. There was one fewer closing than there were on Jan. 2 and nine fewer…

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Jan. home sales down, prices up 17% from last year

By Don Fenley / February 4, 2022

Home sales and prices were down from December’s strong close to the 2021 market. Market performance was less dramatic when compared to January last year.   Closings were down 29.8% from…

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Tri-Cities area home sales up 10.6%, prices up 16.2%

By Don Fenley / January 6, 2022

The benchmark for area home sales and prices moved up a few notches in December. Closings on single-family homes and condominiums were up 10.6% from last year. The median sales…

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