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Tri-Cities area commercial real estate market perks up in July

By Don Fenley / August 11, 2020

Tri-Cities commercial real estate (CRE) began looking a little more like the residential market in July. Transactions increased. Listing sank to a seven-month low. And consumer activity increased. But when…

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June NE Tenn. pending home sales stay on a hot market pace

By Don Fenley / July 20, 2020

New pending sales increased in June. It was a small increase from May’s total, but it was a clear signal the market is not cooling off. There were 889 new…

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NE Tenn. June home sales, average price sets new records

By Don Fenley / July 13, 2020

Northeast Tennessee home sales roared back into record territory in June. Closings on residential resales were 40.9% better than May and up 9.9% from June last year. The average sales…

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Mid-year Tri-Cities commercial real estate transactions down 22.5%

By Don Fenley / July 7, 2020

Unlike its residential cousin, commercial real estate (CRE) isn’t seeing an early and robust rebound from the initial economic Covid-19 pandemic shock. Total transactions for the first half of this…

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NE Tenn. new pending home sales increase for May

By Don Fenley / June 22, 2020

As new pending sales for the local market rose in May, experts anticipate more significant growth in June and July.  There were 881 new contracts at the end of the…

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May home sales bounce from April’s total, down 21.7% from last year

By Don Fenley / June 15, 2020

May’s home sales made a slight bounce from April but continue to be gripped by the coronavirus economic fallout. There were 569 closings in May, up 4.7% from April, and…

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Tri-Cities commercial real estate transactions struggle with COVID-19 economic fall out

By Don Fenley / June 3, 2020

Tri-Cities commercial real estate (CRE) transactions continued laboring with the economic fallout of COVIX-19 in May. The short-term numbers are about what you would expect. May sales were down 40%…

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New pending home sales see a small increase in March

By Don Fenley / April 23, 2020

The economic fallout from the coronavirus pandemic did not have much effect on new contracts for residential resales in March. There were 798 new contracts (pending sales) at the end…

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Pending home sales cancellation rate may increase

By Don Fenley / March 20, 2020

There were about 1000 approved contracts for residential resales awaiting approval at the end of February, according to the Northeast Tennessee Association of Realtors’ (NETAR) latest report. Those contracts were…

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Tri-Cities Commercial Real Estate sales, leases, permits up – volumes down

By Don Fenley / March 16, 2020

It wasn’t the best year. But it wasn’t the worst. When you look at the data, 2019 was an OK year for the Tri-Cities Commercial Real Estate (CRE). Sales, leases,…

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