Trends

Trends

January 15, 2020
December was a strong month for the Tri-Cities region’s housing market, and it lifted annual sales and prices to new highs. Kristi Bailey, NETAR 2020 President, said 2019 saw several housing market milestones. For instance: The average single-family resale price had the biggest annual increase since 2008.    It was the ninth straight year sales have increased and the best annual increase in three years. It was the fourth straight year total...
January 2, 2020
Tri-Cities pending homes sales posted an 8.9% seasonal decline November after increased in October, according to the Northeast Tennessee Association of Realtors’ (NETAR) latest report. The year-over-year contract signing short-term trend (three-month moving average) was 29.3% higher than November last year. During the same period, the long-term trend (12 months moving average) was up 12.5%. Pending sales are a leading indicator of housing...
December 16, 2019
November home sales increased 12.8 percent from last year in the 11-county region monitored by the Northeast Tennessee Association of Realtor (NETAR), while the average sales price declined 2.2%. “So far this year closing on single-family and condominium/townhome total 7,051.” NETAR President Karen Randolph said. “That’s just 95 closings shy of the 2018 total. So, it’s safe to say 2019 will be another record year for our market. It’s also...
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...

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