Trends

Trends

February 15, 2019
Local single-family home sales fell by one closing in January compared to the same month last year. Closings on condominium and townhome sales were also down by one.  It was the second straight month sales declined in the 11-county NE Tennessee, SW Virginia market that continues to see robust demand. This decline is not significant but lets you know how closely we are monitoring the market, said Northeast Tennessee Association of Realtors (NETAR...
January 22, 2019
December’s single-family residential pending sales declined from November’s total as expected. At the same time, there was a slight increase in the number of active-pending sales, so there are more contracts moving toward closing in January. Pending sales are forward-looking indicators based on new contract signings reported by Realtor Property Resource (RPR). There were 473 new approved contracts in December compared to 561 in November (a drop...
January 16, 2019
Northeast Tennessee’s housing market finished 2018 with its best sales year since 2008 and the best annual average price increase in four years. The total sales volume for residential resales was also a record high of $1.42 billion – a 28 percent increase from last year and the third straight year it has exceeded a billion dollars. There were 6,592 closing on single-family resales in 2018, up 5.7 percent. The annual average sales price was $173,...
December 26, 2018
The number of new approved contracts for single-family residential sales in November was down from October and 49 higher than November last year in the 11-county area monitored by the Northeast Tennessee Association of Realtors (NETAR). NETAR’s New Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property Resource (RPR), was up by 0.5 percent from October and 7.6 percent higher than...
December 19, 2018
November existing home sales declined from October but remained on track for the eighth year of annual increases. So far this year 6,183 single-family home sales in the 11-county region monitored by the Northeast Tennessee Association of Realtors (NETAR) Trends Report have closed. Last year’s annual total was 6,239. The average sales price performed better across the board last month. November’s $185,639 average was $11,480 better than October...
November 21, 2018
The number of new approved contracts for single-family residential sales in October was up from September and October last year in the 11-county area monitored by the Northeast Tennessee Association of Realtors (NETAR). NETAR’s New Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property Resource (RPR), was up by 0.9 percent from September and 8.3 percent from October last year. The...

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