Trends

Trends

April 22, 2019
New approved contracts for existing single-family, townhome and condominiums raised the bar again in March. The record is now 839 new approved contracts in one month. That total is 58 more than recorded by Realtor Property Resource (RPR) March last year. It is also 219 more than all the residential closings in March. Add last month’s new contracts to those awaiting closing, and you have a total of 1,160. That number is also a record for active...
April 15, 2019
March home sales declined when compared to March last year while the average price increased. First quarter sales and the average sales price for both single-family homes and townhomes were up from the first three months of last year. “The lack of inventory is squeezing the market,” said Karen Randolph, Northeast Tennessee Association of Realtors (NETAR) president. Mortgage rates have declined and settled at accommodating levels, consumer...
March 24, 2019
Continued drops in mortgage rates are paving the way toward a robust spring home buying and selling season. New approved contracts at the end of February were down from January’s spike while the number of active pending sales awaiting closing were at a four-year high. There were 665 new approved contracts for single-family and townhome/condo resales in the 11-counties monitored by the Northeast Tennessee Association of Realtors (NETAR) at the...
March 14, 2019
The Tri-Cities area housing market snapped back from a 2019 soft opening with resales that outperformed both the February state and East Tennessee markets. Single-family resales in the 11-counties monitored by the Northeast Tennessee Association of Realtors (NETAR) were up 14.1 percent compared to January and up 6.7 percent from February last year. Condominium/townhome resales were up 38.5 percent from both January and February last year....
February 25, 2019
Approved contracts for home sales in the 11-counties monitored by the Northeast Tennessee Association of Realtors (NETAR) saw substantial month-over- month and year-over-year increases in January. At the end of the month, there were 948 active, pending sales in the region. Pending sales are forward-looking indicators based on new contract signings reported by Realtor Property Resource (RPR). The number of new pending sales was up by 218 from...
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...

Pages