Trends

Trends

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...
August 26, 2019
Pending homes sales squeaked out a small gain from June’s total, but movement of the pending sales index is a different story. It’s at a 28-month high. There were 895 preliminary new contracts (pending sales) in July, up 9 from June. The active pending sales total rose to 1,450 – 200 more than there were in June, according to Realtor Property Resource (RPR). The Northeast Tennessee Association of Realtors' (NETAR), Pending Sales Index, shows new...
August 19, 2019
Tri-Cities area home sales increased 9.5 percent in July, and the average sale price was close behind at 8.6%. The increase was driven by a strong condominium-townhome rebound and better-than-average single-family sector performance. There were 737 residential closings last month, and the average sales price was $183,752, according to the Northeast Tennessee Association of Realtors (NETAR) Trends Report. The seven-month trend for residential...
July 22, 2019
New approved contracts for existing home sales declined in June, but it was not enough to keep them out of record territory. There were 880 new contracts (pending sales) in June, down 81 from May. The active pending sales total rose to 1,380 – 150 more than May, according to Realtor Property Resource (RPR). New pending sales moved above the 800 a month mark in March and have not retreated, so far. They peaked in May at 961. The Northeast...

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