Trends

Trends

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...
December 28, 2017
November pending sales were down 9% from October but kept up their year-over-year double-digit increase pace for the third month. There was a total of 869 approved contracts on single-family, condo and townhome sales in November, according to the Northeast Tennessee Association of Realtors (NETAR). Pending sales typically move to closing in 30 to 45 days, and it's not uncommon to see 4% to 5% fall through. This year the number of contracts that...
December 15, 2017
Northeast Tennessee’s housing market moved closer to another record sales year in November. Closings on single-family sales rose 7.6% while closings on townhome and condominium sales doubled for the second straight month.
ERIC KISTNER 2017 NETAR President
The Northeast Tennessee Association of Realtors’ (NETAR) Trend Report shows 496 November single-family closings, up 35 from...
November 29, 2017
October was the second straight month of double-digit increase for both new and active pending home sales in Northeast Tennessee. "Sales are seeing a holiday boost as we approach the end of the year," Northeast Tennessee Association of Realtors® (NETAR) President Eric Kistner said. Last year new pending sales were up 11% in October. This year they're up 21%. The number of new contracts accepted last month was 725, up 28 from September and up 128...
November 16, 2017
Northeast Tennessee home prices declined for the first time in 14 months in October while sales increased 9.5%. October's price drop is a reaction to the lack of inventory and buyer fatigue – especially in the $200,000 price range, according to Northeast Tennessee Association of Realtors® (NETAR) President Eric Kistner. "Our market is still very much on track for another record year. But there are some headwinds building," he added. The big...
October 30, 2017
Accepted contracts on single-family home sales are performing a lot like the Energizer Bunny – they keep going and going and going. September's new contract count for the 11-counties monitored by the Northeast Tennessee Association of Realtors (NETAR) Trends Report was 695, down 10 from August and up 123 from September last year. When you add September's new accepted contracts to those still in the pipeline, there are 1,010 active, pending sales...

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