Trends

Trends

November 21, 2019
There were 769 Tri-Cities area new contracts (pending home sales) approved last month – nine more than September - and 98 more than October last year, according to Realtor Property Resource (RPR).  It was the second straight month for the short-term seasonal slowing trend while the long-term trend continues a slow upward trajectory. The growth of the long-term trend peaked in February and has ebbed since then.  NETAR President Karen Randolph...
November 15, 2019
The average Tri-Cities area home sales price increased a robust 7.8 percent last month compared to October last year, and sales were up 3.9 percent. With two months to go before the book on 2019 is closed, the local housing market is on track for another record-setting year. There were 668 closings on single-family, townhome and condominium sales last month and the average sales price rose to $182,628. The 10-month total for closings was 6,442,...
October 24, 2019
September’s pending home sales trend continued increasing despite a sharp drop in approved contracts.  There were 758 new contracts last month, down from an adjusted 942 in August. The month-over-month change in the moving average employed as a trend tracking metric was up 1.4% and up 17.7% when compared to September last year. The active pending sales total rose to 1,430 – 110 more than August, according to Realtor Property Resource (RPR). New...
October 14, 2019
Almost 700 Tri-Cities area residential home sales closed last month, a 21.2 percent increase from September last year. The average sales price was a little softer than it was in August, but 8.3 percent higher than last year, according to the Northeast Tennessee Association of Realtors (NETAR). Single-family home sales were up 23.8 percent from last year and sold for an average price of $184,098, up 8.3 percent from last year. Townhome and...
September 23, 2019
There were 919 new approved home sales contracts in August - 13 more than July - pushing the Northeast Tennessee Association of Realtors’ (NETAR) New Pending Home Sales index to the highest level since March 2017. The active pending sales total rose to 1,437 – 147 more than July, according to Realtor Property Resource (RPR). New contracts are those approved in the reporting month while the active pending sales total includes all that have not...
September 17, 2019
August was another record month for the Tri-Cities area housing market. For the first time, the average single-family resales price was above $200,000.  All primary city markets – except Johnson City – and all but two counties in the region also recorded strong year-over-year price increases. Closings on residential sales were flat on the heels to back-to-back monthly highs in June and July. “We are moving into the fall market with strong price...

Pages