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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 MoreBuyers 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 MoreJune’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 MoreHome 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 MoreHome 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 MoreHome 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 MoreThe 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 MoreDecember was one of the best-ever months for the local housing market, and it closed the books on one of the best-ever years for sales and price heights. “It was…
Read MoreSales were down slightly from October but up 22.7% from last year. The average resale price was $222,142, up 26.7 percent After an expected minimal seasonal slowdown, Northeast Tennessee and Southwest…
Read MoreLocal home sales saw some seasonal softening, but it was not enough to pull the market off its record pace. “October sales dropped 13.7% from September, but were 11.5% better…
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