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There were 9,523 closings on existing home sales in 2021. That’s a 10.6% improvement over the 2020 total. It’s also the second straight year the annual growth rate has been in…
Read MorePending sales outnumbered new listing again in November, wiping out hopes that a couple of months of small active inventory gains would carry into the New Year. The region went…
Read MoreVacant land sales are on track for another annual increase just below the 50% mark. They’ve been on that path since 2020 while sales in some price ranges are well into triple-digit increases. The three…
Read MoreVacant land sales are on track for another annual increase just below the 50% mark. They’ve been on that path since 2020 while sales in some price ranges are well into triple-digit increases. The three…
Read MoreNearly one of every three single-family homes or condos in the region monitored by NETAR during the fourth quarter was a non-owner-occupied investment property. Of those 60,463 properties, 3,460 were vacant, giving the region…
Read MoreNovember’s median existing-home sales price jumped to $210,000. That’s the same level it was at the market peak in August. The reason was buyers saw that mortgage rates were ready…
Read MoreTri-Cities all-cash home sales mirrored the third-quarter national level, but they part paths when compared to their highest previous levels. The third-quarter U.S. cash deals were at their highest level since the first quarter of 2015. Local cash…
Read MoreCondominium sales remain a hot ticket in the local existing home sales market. So far this year, 469 condo sales have closed compared to 501 during the first 10 months of last…
Read MoreSo far this year, the sales volume for existing home sales reported by NETAR’s Home Sales Report is $1.9 billion. While that’s a big number, there’s more to the real estate’s impact on the…
Read MoreHome prices and mortgage rates are both climbing. But buyers have shrugged it off for most parts as the housing market continues to stay in front of the rest of the local economy with few –…
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