Latest news

Pending sales up 1%; Luxury market contracts double

By Don Fenley / November 16, 2023

GRAY – October was a month for small gains in the local housing market everywhere except the luxury market where pending sales doubled. New listings in the move-up market are…

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Sept. pending home sales plunge 14%

By Don Fenley / October 18, 2023

GRAY, TN – Rising mortgage rates and low inventory combined with seasonality to push September’s pending home sales down 14 percent.  The effect will be a continuation of existing-home sales…

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Pending home sales post small seasonal gain

By Don Fenley / September 18, 2023

The local housing market saw a small seasonal pending sales uptick last month. They’ve increased in August in four of the last six years before arching lower as the market…

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Pending home sales decline for second month 

By Don Fenley / August 17, 2023

GRAY, TN – July’s pending sales and the Northeast Tennessee Associations of Realtors’ (NETAR) Pending Sales Index arced lower for the second straight month as the market moved past the…

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Inventory is housings most pressing issue

By Don Fenley / August 12, 2023

Despite growing affordability concerns, the local housing’s biggest challenge is inventory. The situation can be summed up in a simple, short sentence. Home buying demand is high while housing continues…

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Pending home sales point to softer market

By Don Fenley / July 17, 2023

GRAY, TN – Pending sales and NETAR’s Pending Sales Index point to a weaker market during what is typically the busiest months of the year. June’s pending home sales pace…

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May pending home sales take a breather    

By Don Fenley / June 20, 2023

GRAY, TN – Pending sales took a breather last month after reaching a nine-month high in April. Sellers accepted 12 more contracts than the previous month and plateaued with nine…

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April Pending Sales Increase – Prices Pick Up Momentum    

By Don Fenley / May 18, 2023

GRAY, TN – April’s pending sales increased as the market slogged into the prime home buying and selling season. Last month they stood at an eight-month high after sellers accepted…

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NE Tenn. Pending Homes Sales Up 16%    

By Don Fenley / March 17, 2023

GRAY, TN – Pending homes sales make their second straight double-digit increase in February and there was a significant decrease in the time properties spend on the market before closings.…

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Tri-Cities Area Pending Home Sales Up 36.6%

By Don Fenley / February 20, 2023

GRAY, TN – The groundhog predicted another six weeks of winter before spring, but the housing market is sending an opposite prediction. January’s new contracts for existing single-family home and…

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