Mid-Month Count Shows Strong April Housing Market for Tri-Cities

Don Fenley 

The Tri-Cities region had a strong April. Buyers and sellers closed 757 deals, and the median sale price reached $288,000. That combination of rising volume and rising prices says the market has begun the prime home buying and selling season in earnest.

Who’s Doing the Most Business

Kingsportled the region with 122 sales. Johnson City was second at 106 sales. Together, those two cities accounted for nearly one in three sales across the entire region.

Jonesborough (54 sales), Greeneville (48 sales), and Elizabethton (41 sales) filled out the top five. Greeneville tracked almost exactly with the regional average on both counts. Jonesborough was a touch below on volume growth but compensated with the region’s highest median price.

Elizabethton is the volume story of the month. Sales more than doubled year over year. That’s the biggest surge in the region by a wide margin. One month doesn’t make a trend, and a spike that large sometimes reflects a backlog clearing rather than a fundamental shift, but it’s worth watching next month.

Three markets — Bulls Gap, Gate City, and Surgoinsville had five or fewer sales in April and were excluded from this narrative. Those numbers are too small to draw reliable conclusions and are included in the table for reference only.

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