Don’t Count Out the Fall Housing Market

Amy Mitchell 

For generations, spring and summer have been considered prime time for real estate. The kids are out of school, the grass is green, daylight lasts longer, and “For Sale” signs seem to multiply almost overnight.

AMY MITCHELL
NETAR President

Then August arrives, school starts, football season gets underway and many buyers and sellers assume the housing market is about to take a long fall nap.


Not so fast.


The Tri-Cities housing market heading toward fall looks different from the frantic markets we experienced a few years ago, but different doesn’t mean weak. In fact, the changing conditions could create opportunities for both buyers and sellers who understand the market they’re entering.


One of the biggest changes is choice.


Inventory has been gradually improving, giving buyers more options than they had during the severe housing shortage that followed the pandemic. More choices mean buyers can be more deliberate. They can compare properties, consider condition and location more carefully, and in some cases negotiate terms that would have been difficult to get when multiple offers were the rule rather than the exception.


That’s healthy for the market.


It also means sellers need to adjust their expectations.


Earlier this summer, price reductions became more common in the Tri-Cities. That doesn’t mean home values are collapsing. It means buyers are paying attention to value, and the market is becoming less forgiving of properties that are priced too aggressively when they first hit the market.


Once sellers and buyers get to the negotiating table, however, the gap is much smaller. Recent NETAR market data showed homes that sold were closing at roughly 98.7% of their final asking price.


That’s an important distinction.


We’re not seeing a market where buyers have disappeared. We’re seeing one where buyers have become more selective.


And there’s another reason not to dismiss the fall market: people don’t stop needing homes because the calendar changes.


Jobs change. Families grow. Couples marry. People retire. New residents continue moving into our region. Homeowners decide to downsize, while others need another bedroom, a home office or more land. Those decisions happen twelve months a year.


Fall buyers may also be more motivated. Someone touring homes on a beautiful April Saturday may just be testing the waters. A buyer making appointments between football games, school activities and shorter October days probably has a reason to move.


For sellers, that makes presentation and pricing especially important.


The days of putting almost anything on the market at an ambitious price and waiting for buyers to fight over it are largely behind us. Today’s buyers have access to more information, more listings and more time to compare them.


Homes that are clean, well-maintained, properly presented and priced according to current local
conditions have an advantage.


For buyers, the changing season can create a different kind of opportunity. There may be less competition for some properties, sellers who have been on the market through the summer may be more willing to negotiate, and increasing inventory can provide choices that simply weren’t available a few years ago.


None of that means buyers should wait around for a dramatic market crash.


The latest NETAR analysis points toward relatively steady Tri-Cities home prices through the remainder of 2026. Inventory is improving, but the underlying demand for housing hasn’t disappeared.


That’s why the word that continues to best describe our market is rebalancing.


We’re moving away from an environment where sellers held nearly all the cards and toward one where buyers and sellers each bring something to the table.


That’s not bad news.


It’s what a healthier housing market looks like.


So, as summer winds down, don’t assume the real estate market is winding down with it. There are still buyers who need homes, sellers who need to move and opportunities on both sides of the closing table.


The seasons change.


Real estate doesn’t stop.


And in a market that’s becoming more balanced, good information, realistic expectations and the guidance of a REALTOR® who understands the local market matter more than ever.

NETAR is the voice for real estate in Northeast Tennessee. It is the largest trade association in the Northeast Tennessee, Southwest Virginia region, representing over 1,800+ members and 100+ business partners involved in all aspects of the residential and commercial real estate industries. Weekly market reports and information for both consumers and members are available on the NETAR website at https://netar.us