Trends

Trends

February 15, 2018
Northeast Tennessee's housing market began 2018 with a double-digit increase in average resale prices and an 8.5% sales increase. Northeast Tennessee Association of Realtors (NETAR) President Aaron Taylor credited January's market increases to a higher interest rates on the horizon and continued strong demand in the 11-county region monitored by NETAR's Trends Report. "Changing interest rates always move the market and the end of last week...
January 30, 2018
Accepted contracts for Northeast Tennessee residential home sales were up in December, but both the new and active pending sales indexes were lower than they were this time last year. The new pending sales index was 15.4% higher than November while the active sales index was up 16.6%. Year-over-year comparisons show new pending sales down 8.4% and the active index down 10%. "While one month doesn't make a trend, fewer new and active pending...
January 19, 2018
An expected dip in December home sales didn't prevent the regional housing market from setting a multitude of records. Total residential resales, the average sales price and the total sales volume in dollars were the highest since 2008 when the Northeast Tennessee Association of Realtors (NETAR) began its monthly Trends Report. At the same time, single-family resales were joined by condominium and townhome resales for new annual highs. The...
December 28, 2017
November pending sales were down 9% from October but kept up their year-over-year double-digit increase pace for the third month. There was a total of 869 approved contracts on single-family, condo and townhome sales in November, according to the Northeast Tennessee Association of Realtors (NETAR). Pending sales typically move to closing in 30 to 45 days, and it's not uncommon to see 4% to 5% fall through. This year the number of contracts that...
December 15, 2017
Northeast Tennessee’s housing market moved closer to another record sales year in November. Closings on single-family sales rose 7.6% while closings on townhome and condominium sales doubled for the second straight month.
ERIC KISTNER 2017 NETAR President
The Northeast Tennessee Association of Realtors’ (NETAR) Trend Report shows 496 November single-family closings, up 35 from...
November 29, 2017
October was the second straight month of double-digit increase for both new and active pending home sales in Northeast Tennessee. "Sales are seeing a holiday boost as we approach the end of the year," Northeast Tennessee Association of Realtors® (NETAR) President Eric Kistner said. Last year new pending sales were up 11% in October. This year they're up 21%. The number of new contracts accepted last month was 725, up 28 from September and up 128...

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