Trends

Trends

November 21, 2018
The number of new approved contracts for single-family residential sales in October was up from September and October last year in the 11-county area monitored by the Northeast Tennessee Association of Realtors (NETAR). NETAR’s New Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property Resource (RPR), was up by 0.9 percent from September and 8.3 percent from October last year. The...
November 14, 2018
Local single-family home resales were up 2.8 percent in October when compared to the same month last year while the average sales price was saw it largest year-over-year increase so far this year – up 13.9 percent.   “We’re still seeing some seasonal slowing, which is to be expected as we move into the holiday season. But the market remains on track to round out 2018 as the eighth straight year for annual sales increases,” NETAR President Aaron...
October 23, 2018
New contracts on single-family, condominium and townhome sales in September were down from August. That's typical of the seasonal softening of the market. At the same time the pending sales trend shows a market on track for another record sales year. The Northeast Tennessee Association of Realtors' (NETAR) New Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property Resource (RPR),...
October 15, 2018
Northeast Tennessee's September home sales made an expected seasonal decline from a robust August.  At the same time the less volatile year-to-year and year-to-date numbers show a market still in record-setting mode. There were 529 single-family resales closing in September, down 156 from August according to the Northeast Tennessee Association of Realtors (NETAR).  Last month's average sales price was $169,946, down $2,657 (1.5 percent) from...
September 26, 2018
New contracts on single-family, condominium and townhome sales in August were down by 46 from July and flat when compared to August last year. The Northeast Tennessee Association of Realtors' (NETAR) New Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property Resource (RPR), was unchanged from July and down from August last year. The moving average trend has been ebbing since May....
September 12, 2018
Northeast Tennessee had a 15.5 percent home sales increase in August. It was the eighth straight month single-family closings were at a 10-year high. There were 685 closing in August compared to 593 last year. The average sales price was $175,967, up 2.2 percent from last year, according to the Northeast Tennessee Association of Realtors (NETAR). Year-to-date single-family closings totaled 4,562 compared to 4,166 during the first eight months of...

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