Latest news

Pending home sales point to sluggish market; outlooks downgraded

By Don Fenley / March 24, 2025

Pending sales perked up in February. They were 16.3% better than January’s lackluster year opener. But they lagged last year’s performance by 2.3%. The forward-looking market indicator synced with sagging…

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Tri-Cities pending home sales down 6.2%

By Don Fenley / February 19, 2025

Pending sales joined the jumbled January data report of a market struggling to find footing. New contracts posted a small gain from December but lagged last year’s performance. Consumer demand…

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Tri-Cities pending sales up 2.7% in December.

By Don Fenley / January 27, 2025

December pending home sales were up on increases in the move-up and luxury home markets. Pending sales in the affordable market price range declined. Pending sales are a leading indicator of…

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Nov. Tri-Cities Area Pending Sales Down 0.8%

By Don Fenley / December 16, 2024

Pending sales were down 0.8% across the Tri-Cities region in November and the Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index dropped one point point below where it was…

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Oct. Pending Home Sales down 6.9%

By Don Fenley / November 21, 2024

Pending sales were down 6.9% across the Tri-Cities region in October and the Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index dropped to a nine-month low. Pending sales are a…

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Aug. pending home sales flat

By Don Fenley / September 20, 2024

August pending sales were down 0.1% from last year and the Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index settled was flat for the fourth straight month. Sellers accepted…

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July pending home sales flat

By Don Fenley / August 21, 2024

July pending sales were flat as the housing market entered a third quarter of rising inventory and declining mortgage rates. Sellers accepted 176 new contracts, 34 fewer than the previous…

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June pending home sales flat

By Don Fenley / July 23, 2024

June’s pending sales were flat on the heels of a 20% decline in home sales. Sellers accepted 796 new contracts, one fewer than the previous month, and 42 more than…

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New contracts point to flat home sales

By Don Fenley / June 25, 2024

Pending home sales increased 2% from last year as the local housing market neared the peak of the prime home buying and selling season, according the to Northeast Tennessee Association…

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Move-up, luxury markets push April pending home sales higher 

By Don Fenley / May 16, 2024

The Tri-Cities area housing market continues a slow, steady gain as it moves into the second quarter. The Pending Sales Index, which benchmark to a pre-pandemic level, is up 8.9%.…

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