Trends

Trends

March 20, 2020
There were about 1000 approved contracts for residential resales awaiting approval at the end of February, according to the Northeast Tennessee Association of Realtors’ (NETAR) latest report. Those contracts were in the pipeline before Coronavirus took over the 24-7 news cycle. Pending sales are a leading indicator of housing activity based on signed contracts for existing single-family homes, condominium, and townhome resales in the area...
March 16, 2020
  It wasn’t the best year. But it wasn’t the worst. When you look at the data, 2019 was an OK year for the Tri-Cities Commercial Real Estate (CRE). Sales, leases, and new building permits were up. But volumes were down. Several commercial practitioners described it as one of those years when you worked harder but made less. At the same time, there was and continues to be pent up optimism focused on the fate of a casino in Bristol, Va., a pending...
March 13, 2020
February Tri-Cities’ home sales took a breather from the double-digit increase we saw in January with 30 fewer closings. “Don’t read too much into that,” said Northeast Tennessee Association of Realtors (NETAR) President Kristi Bailey. “Residential closings were equal to February last year, and this year’s sales trend is up 7.9%.” Some home sellers are making changes to how prospective buyers view their listings amid growing concerns over the...
February 27, 2020
The Tri-Cities pending homes sales trend posted a double-digit gain over January 2019, according to the Northeast Tennessee Association of Realtors (NETAR) Pending Sales Report. Pending sales are a leading indicator of housing activity based on signed contracts for existing single-family homes, condominiums, and townhomes in the region monitored by NETAR.   According to preliminary data from Realtor Property Resource (RPR), a little over 1,000...
February 19, 2020
The Tri-Cities area home sales were up 16.5% in January. The average residential resale price had a 3.3% improvement.   “This is a promising walk-up to the 2020 prime buying and selling season,” said Kristi Bailey, Northeast Tennessee Association of Realtors (NETAR) president. “Strong consumer demand, low mortgage rates, robust pending sales, and a small inventory increase also point to another active February.” There were 488 residential...
January 27, 2020
Tri-Cities pending homes sales posted a small increase over November’s total while year-over-year and the moving average trend surged, according to the Northeast Tennessee Association of REALTORS® (NETAR) latest report. Pending sales are a leading indicator of housing activity based on signed contracts for existing single-family homes, condominium, and townhome resales in the 11-county area monitored by the NETAR Trends Report. Since resales go...

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