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Market Pulse – May 17 The last two monthly NETAR Commercial Real Estate (CRE) Reports point to a sector shaking off pandemic effects and gearing up for getting back to business as usual. So far this year, the transactions trend is up 44% from…
Read MoreApril’s home sales were up 33.7% from April last year, but is that a realistic market indicator? It’s an accurate number but not totally representative of today’s market conditions. April last year was the first full month of economic reaction to the pandemic.…
Read MoreVacant land inventory is showing signs of last year’s sales surge. During the first three months of this year, active inventory was down almost 19%, while sales were up 74%. There were 541 sales…
Read MoreThree key housing market data points were in sync at the end of March. There were 991 homes in active inventory. At the same time, there were 983 pending sales…
Read MoreWETS’ Business Matters cited NETAR’s March and Q1 Northeast Tennessee Commercial Real Estate Report. Momentum has been building since the fourth quarter of last year. It released in March. Office…
Read MoreTri-Cities area home prices made another double-digit increase in March. The average residential resale price of $229,499 was 23.2% higher than last year. That’s good news for sellers and not-so-good…
Read MoreBuyers are flooding the housing market early in the year. With plenty of buyers and not as many sellers, homes are selling fast at higher prices. So far this year,…
Read MoreLand sales in the NETAR region continued an upswing last month. Here’s what the February numbers look like: – 151 sales – one more than in January and 45 more than…
Read MoreThe current inventory-sales trend is good news for Tri-Cities homeowners who have or will have their homes on the market for the spring and summer buying and selling season. The…
Read MoreGet ready to see some big home sales numbers. Beginning next month, the year-over-year residential closings numbers will be comparing today’s rising market to last year’s three-month COVID-induced sales decline.…
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