Trends

Trends

January 16, 2019
Northeast Tennessee’s housing market finished 2018 with its best sales year since 2008 and the best annual average price increase in four years. The total sales volume for residential resales was also a record high of $1.42 billion – a 28 percent increase from last year and the third straight year it has exceeded a billion dollars. There were 6,592 closing on single-family resales in 2018, up 5.7 percent. The annual average sales price was $173,...
December 26, 2018
The number of new approved contracts for single-family residential sales in November was down from October and 49 higher than November 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 0.5 percent from October and 7.6 percent higher than...
December 19, 2018
November existing home sales declined from October but remained on track for the eighth year of annual increases. So far this year 6,183 single-family home sales in the 11-county region monitored by the Northeast Tennessee Association of Realtors (NETAR) Trends Report have closed. Last year’s annual total was 6,239. The average sales price performed better across the board last month. November’s $185,639 average was $11,480 better than October...
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),...

Pages