Trends

Trends

October 9, 2016
Northeast Tennessee home sales resumed a double-digit increase pace in April, and the tight inventory pushed the average price higher. Closings were 28.9 percent higher than April last year and 22.2 percent better than March. It was also the 12th straight month closings were higher than the year before the recession. Northeast Tennessee Association of Realtors President Marsha Stowell said sales are depleting inventory as fast a new listing come...
October 9, 2016
Northeast Tennessee home sales have eased off their monthly double-digit sales pace but are still charting new benchmarks. A tighter inventory is the culprit for March's softer sales; however, there was little upward pressure on the average sales price that typically accompanies tighter inventories. Northeast Tennessee Association of Realtors Marsha Stowell said March's year-over-year sales were the best in eight years, but the gain was 7.8...
October 9, 2016
Northeast Tennessee home sales continued at a record pace in February and prices are beginning to react to the tighter inventory. Northeast Tennessee Association of Realtors President Marsha Stowell said February’s closing were at the highest levels for any February since 2008 when NETAR began tracking for the Trends Report.  It was also the 10th straight month sales have set a new benchmark, and “it’s getting harder for agents to find the homes...
October 9, 2016
Last month was the strongest January since 2008 for home sales in the 11-county region monitored by the Northeast Tennessee Association of Realtors Trends Report. It was also the ninth straight month of year-to-year gains. “It’s a great way to start a New Year,” said NETAR President Marsha Stowell. “Sales continue making gains and January’s average sales price was up.” Compared to January last year existing home sales were up 26 percent....
October 7, 2016
Washington County had a double-digit home sales growth year in 2015 while Johnson City posted a moderate increase. It was the best year for existing home sales since the recession for both markets. Both markets also saw the year-to-year average homes sale price increase and ,like sales, the average sales price was better than it was before the recession. Closings on single-family, previously owned county homes compared to 2014 were: County, 1,...
October 7, 2016
Washington County, VA home sales posted the second largest 2015 year-to-year increase among counties monitored by the Northeast Tennessee Association of Realtors’ Trends Report. Sales closed the year 21% better than they were in 2014 and were better than they were before the recession for the first time. Bristol, VA also had double-digit annual increase. City sales were 16.7% higher than they were in 2014. The performance of the average annual...

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