Local, Regional and U.S. Oct. Home Sales, Prices
Don Fenley
The Tri-Cities and Gatlinburg Area housing markets were the only East Tennessee housing markets posting a year-over-year median price increase last month. Gatlinburg had the largest regional increase.
NETAR, Knoxville, and Gatlinburg were the only regional markets showing sales increases as markets closed in on the holiday season.
According to the National Association of Realtors (NAR), last month’s median sales price was $415,200, up 2.1% from last year, and sales were up 1.2%.
Realtor.com is reporting the U.S. median price as $422,950, up 1.2% from last year, and a year-over-year sales increase of 1.7%.
Zillow’s research listed the median home sales price as $415,200, up 2.1% from last year, and a 1.7% year-over-year sales increase.
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