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…

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…

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…

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…

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…

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…

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…

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…

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…

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%.…