Latest news

Tri-Cities luxury home sales down 31% since May; eight-month trend up 45% 

By Don Fenley / September 25, 2022

GRAY, Tenn. – Rising mortgage rates, stock market volatility, and inflation concerns have pushed Tri-Cities luxury existing housing sales down by 31% since May. But while $500,000 plus sales are…

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Tri-Cities area condo sellers get extra $11,000 per sale

By Don Fenley / September 18, 2022

GRAY, Tenn. – Tri-Cities sellers are getting an average of $11,000 more per townhome/condo sale in NETAR’s primary service area while the number of sales is down 26% from August last…

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Cash deals, seller discounts, and over-list-price sales 

By Don Fenley / September 11, 2022

GRAY, Tenn. – Cash deals accounted for 34% of August’s existing home sales because the number of total sales declined. Cash sales have ranged from 262 to 265 for the…

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Rental market steps up its Tri-Cities area game 

By Don Fenley / September 4, 2022

GRAY, Tenn. – A new analysis from Attom Data Solutions shows the average vacancy rate for single-family rentals in the Tri-Cities area – including Greeneville – is 2.6%. The news…

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Vacant land sales take a breather; still double pre-pandemic levels 

By Don Fenley / August 29, 2022

Vacant land sales are taking a respite from last year’s frantic pace. But that doesn’t mean it’s a down market. Demand has steadily grown during the past three years. Much…

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Inventory, inventory, inventory is a market stabilization key 

By Don Fenley / August 29, 2022

Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…

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Inventory, inventory, inventory is a market stabilization key 

By Don Fenley / August 21, 2022

Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…

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Local homeowners see dramatic equity gains

By Don Fenley / August 14, 2022

GRAY, Tenn. – Remember hearing that a mortgage is a lot like a forced savings account that will make homeowners rich over time?  There were a lot of Tri-Cities homeowners…

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Sellers increase listing prices again in July 

By Don Fenley / August 7, 2022

Homeowners continued increasing their listing price for the seventh straight month in July. The only sign of them yielding to a slower market is the rate that they’re upping the…

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Local home price reality check 

By Don Fenley / August 1, 2022

There’s a simple answer to the frequently asked question: “When are home prices coming down?”  The answer is: When demand goes down.  Despite what you read in the mass media,…

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