Trends

Trends

October 9, 2016
Northeast Tennessee's housing market posted its 14th straight month of record year-over-year sales in June. Closings on single-family homes were up 19.4% in a market feeling the pinch of tight inventories. Northeast Tennessee Association of Realtors president Marsha Stowell said June last year was the first month the local market recorded more than 500 closings. Last month's count was 106 higher.  "That's a strong market, and the mid-year sales...
October 9, 2016
Local pending home sales increased for the fourth straight month in May. That contrasts with the national situation where pending sales let up and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month. New accepted offers on condos/townhomes, mobile/manufactured and single-family residents in the 11 counties...
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....

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