Trends

Trends

May 30, 2018
New pending home sales continued trending higher as the market enters its prime buying and selling season. 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 1.8% higher than March, and 10.2% better than April last year. Aaron Taylor, NETAR president, said the local housing market is off to a...
May 16, 2018
Buyers snapped up homes in April at a pace that is barely allowing new listings to sustain an already historic low inventory. Northeast Tennessee Association of Realtors® (NETAR) President Aaron Taylor said the 11-county region monitored by the association's Trends Report had 3.4 months of inventory at the end of April. And, only two city markets had more than a three-month supply of homes for sale. "Six months of inventory is the benchmark for...
April 26, 2018
New pending home sales were robust in March and primed April closing for an equally robust beginning to the  prime real estate buying and selling season. 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 2% higher than February, and 8% better than March last year. That's the best month-over-month...
April 18, 2018
Northeast Tennessee's housing market posted double-digit March and First Quarter sales and price gains. According to the Northeast Tennessee Association of Realtors® (NETAR), sales were up 11.8 percent, and the average price for a single-family resale was 13.2 percent better than March last year. Sales for the first three months of this year were 10.3 percent better than last year while the average sales price was up 10.9 percent. "March is the...
April 1, 2018
Pending home sales were up in February as buyers shrugged off tight inventory, higher prices, and increasing mortgage rates. The Northeast Tennessee Association of Realtors®' (NETAR) Pending Home Sales Index (PHSI), a forward-looking indicator based on new contract signing reported by Realtor Property Resource (RPR), grew 0.3% to 108.8 in February. That's a small month-over-month increase compared to January's 1.3% increase but a positive...
March 15, 2018
The Tri-Cities region's housing market didn't let up in February.  Sales and prices were better than February last year, and both outperformed 2018 year-to-date totals. "Unlike buyers in some other markets locals haven't held back for the chance of a bigger spring inventory," said Aaron Taylor, president of the Northeast Tennessee Association of Realtors. "The slow, steady increase in mortgage rates is driving some of the increase.  "Buyers want...

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