Trends

Trends

November 16, 2017
Northeast Tennessee home prices declined for the first time in 14 months in October while sales increased 9.5%. October's price drop is a reaction to the lack of inventory and buyer fatigue – especially in the $200,000 price range, according to Northeast Tennessee Association of Realtors® (NETAR) President Eric Kistner. "Our market is still very much on track for another record year. But there are some headwinds building," he added. The big...
October 30, 2017
Accepted contracts on single-family home sales are performing a lot like the Energizer Bunny – they keep going and going and going. September's new contract count for the 11-counties monitored by the Northeast Tennessee Association of Realtors (NETAR) Trends Report was 695, down 10 from August and up 123 from September last year. When you add September's new accepted contracts to those still in the pipeline, there are 1,010 active, pending sales...
October 17, 2017
The pace of home sales in Northeast Tennessee's housing market bounced back in the third quarter putting it on track for another record year. Northeast Tennessee Association of Realtors® (NETAR) President Eric Kistner called third quarter gains modest. "They were only up by 11 sales compared to last year, but they were slightly higher every month while second quarter sales were lower each month." So far, this year 4,706 sales of previously owned...
September 27, 2017
Northeast Tennessee home buyers are not paying much attention to the traditional seasonal slowing of the housing market. There were 722 new contracts on single-family homes in August. While that's seven fewer than July's total when added to those already in the pending sales inventory it brought the August total to 1,020, up 16 percent from August last year. Eric Kistner, president of the Northeast Tennessee Association of Realtors® (NETAR),...
September 18, 2017
Northeast Tennessee home sales were robust in August, and single-family prices posted their 12th consecutive year-over-year increase. Condo sales saw some seasonal slowing while the average sales price was the best in five years. There were 593 closings on single-family resales in the 11-county region monitored by the Northeast Tennessee Association of Realtors®' (NEATR) Trends report, up 0.3% from August last year. The average sales price was $...
August 30, 2017
New pending home sales were flat in July while the total number of accepted contracts that have not closed increased by 90. While the market is seeing some expected seasonal slowing pending sales, continue at a record pace. According to the Northeast Tennessee Association of Realtors' (NETAR) Pending Sales Report and data from Realtor Property Resource, there were 785 new contracts on single-family resales accepted in July, compared to 786 in...

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