Trends

Trends

October 15, 2018
Northeast Tennessee's September home sales made an expected seasonal decline from a robust August.  At the same time the less volatile year-to-year and year-to-date numbers show a market still strongly in record-setting mode. There were 624 single-family resales closing in September, down 61 from August according to the Northeast Tennessee Association of Realtors (NETAR).  Last month's average sales price was $177,448, up $4,845 (2.8 percent)...
September 26, 2018
New contracts on single-family, condominium and townhome sales in August were down by 46 from July and flat when compared to August last year. The Northeast Tennessee Association of Realtors' (NETAR) New Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property Resource (RPR), was unchanged from July and down from August last year. The moving average trend has been ebbing since May....
September 12, 2018
Northeast Tennessee had a 15.5 percent home sales increase in August. It was the eighth straight month single-family closings were at a 10-year high. There were 685 closing in August compared to 593 last year. The average sales price was $175,967, up 2.2 percent from last year, according to the Northeast Tennessee Association of Realtors (NETAR). Year-to-date single-family closings totaled 4,562 compared to 4,166 during the first eight months of...
August 27, 2018
New contracts on single-family, condominium and townhome sales hit a 2018 high point in July. The Northeast Tennessee Association of Realtors' (NETAR) New Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property resource (RPR), was up 2.4 points from June. That's the highest month-to-month increase since April 2016. Compared to July last year the index is up 1.8 percent. There were...
August 15, 2018
Northeast Tennessee home sales posted their seventh straight record month in July, according to the Northeast Tennessee Association of Realtors (NETAR). "We're seeing a record sales pace despite a slight slowing since May when the market peaked," said NETAR President Aaron Taylor. "There was also a small increase in new listing, so we're headed into the closing months of the summer with some fresh inventory," he added. "But even with those new...
July 28, 2018
Pending home sales increased for the fourth straight month in June, and like some other local housing and economic indicators the growth rate is getting softer. The Northeast Tennessee Association of Realtors (NETAR) New Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property resource (RPR), was up 0.8 index points from May. That's the second time in six months the month-to-month...

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