Trends

Trends

April 18, 2018
Northeast Tennessee's housing market posted double-digit March and First Quarter sales and price gains. According to the Northeast Tennessee Association of Realtors® (NETAR), sales were up 11.8 percent, and the average price for a single-family resale was 13.2 percent better than March last year. Sales for the first three months of this year were 10.3 percent better than last year while the average sales price was up 10.9 percent. "March is the...
April 1, 2018
Pending home sales were up in February as buyers shrugged off tight inventory, higher prices, and increasing mortgage rates. The Northeast Tennessee Association of Realtors®' (NETAR) Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property Resource (RPR), grew 0.3% to 108.8 in February. That's a small month-over-month increase compared to January's 1.3% increase but a positive...
March 15, 2018
The Tri-Cities region's housing market didn't let up in February.  Sales and prices were better than February last year, and both outperformed 2018 year-to-date totals. "Unlike buyers in some other markets locals haven't held back for the chance of a bigger spring inventory," said Aaron Taylor, president of the Northeast Tennessee Association of Realtors. "The slow, steady increase in mortgage rates is driving some of the increase.  "Buyers want...
February 15, 2018
Northeast Tennessee's housing market began 2018 with a double-digit increase in average resale prices and an 8.5% sales increase. Northeast Tennessee Association of Realtors (NETAR) President Aaron Taylor credited January's market increases to a higher interest rates on the horizon and continued strong demand in the 11-county region monitored by NETAR's Trends Report. "Changing interest rates always move the market and the end of last week...
January 30, 2018
Accepted contracts for Northeast Tennessee residential home sales were up in December, but both the new and active pending sales indexes were lower than they were this time last year. The new pending sales index was 15.4% higher than November while the active sales index was up 16.6%. Year-over-year comparisons show new pending sales down 8.4% and the active index down 10%. "While one month doesn't make a trend, fewer new and active pending...
January 19, 2018
An expected dip in December home sales didn't prevent the regional housing market from setting a multitude of records. Total residential resales, the average sales price and the total sales volume in dollars were the highest since 2008 when the Northeast Tennessee Association of Realtors (NETAR) began its monthly Trends Report. At the same time, single-family resales were joined by condominium and townhome resales for new annual highs. The...

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