Trends

Trends

August 27, 2018
New contracts on single-family, condominium and townhome sales hit a 2018 high point in July. 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 up 2.4 points from June. That's the highest month-to-month increase since April 2016. Compared to July last year the index is up 1.8 percent. There were...
August 15, 2018
Northeast Tennessee home sales posted their seventh straight record month in July, according to the Northeast Tennessee Association of Realtors (NETAR). "We're seeing a record sales pace despite a slight slowing since May when the market peaked," said NETAR President Aaron Taylor. "There was also a small increase in new listing, so we're headed into the closing months of the summer with some fresh inventory," he added. "But even with those new...
July 28, 2018
Pending home sales increased for the fourth straight month in June, and like some other local housing and economic indicators the growth rate is getting softer. 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 up 0.8 index points from May. That's the second time in six months the month-to-month...
July 18, 2018
Northeast Tennessee home sales were up for the seventh straight month in June while the average sales price drifted slightly lower than last year. "So far this year there has been little relief from a very tight inventory. During June we had 3.9 months of inventory. Still, both sales and the average sales price are on pace to be slightly higher than last year," said Aaron Taylor, Northeast Tennessee Association of Realtors® (NETAR) president....
June 28, 2018
Pending home sales rose to another record level in May as the prime buying and selling season moved into its peak months. 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 up a point from April and 9.2% better than May last year. "So far this year there have been 4,107 new listings and 3,763 new...
June 13, 2018
May was the single best month for closings on Northeast Tennessee single-family home sales in the past 10 years. "Closings were up in every city market except Erwin and in every county market except Hawkins," according to Northeast Tennessee Association of Realtors (NETAR) President Aaron Taylor. "Consumer confidence and pent-up demand keep driving the local market to new highs when other markets are beginning to show fatigue in the face tight...

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