Trends

Trends

October 17, 2017
The pace of home sales in Northeast Tennessee's housing market bounced back in the third quarter putting it on track for another record year. Northeast Tennessee Association of Realtors® (NETAR) President Eric Kistner called third quarter gains modest. "They were only up by 11 sales compared to last year, but they were slightly higher every month while second quarter sales were lower each month." So far, this year 4,706 sales of previously owned...
September 27, 2017
Northeast Tennessee home buyers are not paying much attention to the traditional seasonal slowing of the housing market. There were 722 new contracts on single-family homes in August. While that's seven fewer than July's total when added to those already in the pending sales inventory it brought the August total to 1,020, up 16 percent from August last year. Eric Kistner, president of the Northeast Tennessee Association of Realtors® (NETAR),...
September 18, 2017
Northeast Tennessee home sales were robust in August, and single-family prices posted their 12th consecutive year-over-year increase. Condo sales saw some seasonal slowing while the average sales price was the best in five years. There were 593 closings on single-family resales in the 11-county region monitored by the Northeast Tennessee Association of Realtors®' (NEATR) Trends report, up 0.3% from August last year. The average sales price was $...
August 30, 2017
New pending home sales were flat in July while the total number of accepted contracts that have not closed increased by 90. While the market is seeing some expected seasonal slowing pending sales, continue at a record pace. According to the Northeast Tennessee Association of Realtors' (NETAR) Pending Sales Report and data from Realtor Property Resource, there were 785 new contracts on single-family resales accepted in July, compared to 786 in...
August 16, 2017
Home sales in the Tri-Cities region held steady against a tight inventory in July while prices scored their 11th straight year-over-year gain. "July was the first time in four months single-family home sales were better than last year. That's noteworthy even though it was only by three sales," said Northeast Tennessee Association of Realtors® (NETAR) President Eric Kistner.  "As expected, price gains were smaller in July than June due to...
July 31, 2017
New pending home sales saw their first month-over-month decrease this year. "That's consistent with the flattening of the sales trend that we saw in the June Trends Report," said Northeast Tennessee Association of Realtors President Eric Kistner. NETAR's Pending Home Sales Report shows 797 new approved contracts at the end of July, down three from the previous month. A Realtor Property Resource count of the total new contracts lists 1,142...

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