Latest news

Cash sales decline; many were for lower-priced homes 

By Don Fenley / June 26, 2022

Cash sales have accounted for about one of every three local existing home sales since the first of the year. They have also been credited with driving up local home…

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Local high-end home sales pick up steam 

By Don Fenley / June 20, 2022

While there is some softness in overall existing home sales, the $500,000 and above existing market continues booming. Last month there were 101 sales. That is slightly better than twice…

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How local data trumps some housing market reports 

By Don Fenley / June 12, 2022

Anyone who reads housing market blogs, newsletters, or mass media reports has come across the claim that sellers are scaling back prices. Altos Research called price reductions a big trend…

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Relocation buyers, remote workers alter housing market 

By Don Fenley / June 5, 2022

Relocation buyers have and will continue to fundamentally change the local housing market landscape for the foreseeable future. So far, the most noticeable effect has been a concentration of buyers…

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Local Condo Market Continues Strong Performance

By Don Fenley / May 31, 2022

The regional condominium/townhome market mirrors much of the existing home resales but with at least one notable exception.  Listings are spending much less time on the market than single-family homes.…

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Local land sales slowing down, but not prices 

By Don Fenley / May 22, 2022

Vacant land prices are holding up well in a market that is slowing from last year’s torrid pace.  April area sales were down 15.7%. Pending sales were down 1.6%. Active…

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Cash sales picking up as market begin shifting 

By Don Fenley / May 15, 2022

Cash sales are increasing in the local market as they are nationwide. But unlike the national tenor, they are not setting all-time highs.  Last month NE Tenn. – SW Va.…

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NE Tenn. housing market shift showing up 

By Don Fenley / May 8, 2022

Uncertainty took a toll on NE Tenn. home sales last month. April’s sales were down 18 (2.2%) from March and down 58 (6.5%) from April last year. Year-to-date sales were…

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Local luxury home sales still booming 

By Don Fenley / May 1, 2022

The local hyper-competitive housing market has raised the benchmark for just about all existing home sales categories. Luxury homes sales are no exception.   And the market for properties in the…

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March land sales up, down from last year

By Don Fenley / April 24, 2022

March was one of those months when real estate reports were in the up and down mode across the region. Vacant land sales were up 21% from the previous month…

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