Trends

Trends

May 17, 2017
Area home sales were flat in April while a tight inventory began pushing prices higher. And the Kingsport and Bristol, TN markets are price increase standouts so far, this year. There were 516 closing, 10 fewer than March and six fewer than April last year, according to the Northeast Tennessee Association of Realtors' (NETAR) Trends Report. The average sales price was $169,536, up $9,676 from last year. Even though closings were down in April,...
April 25, 2017
March pending sales added to the indicators pointing to another hot prime housing market selling and buying season this year. There were 764 new pending sales in the 11-county region monitored by the Northeast Tennessee Association of Realtors® Trend Report. That’s 77 more than March last year and boosted active pending sales to 190 more than March last year. The March pending sales total was 1,080. Pending sales is the number of single-family,...
April 17, 2017
The Tri-Cities housing market roared back in March after a lackluster February. Northeast Tennessee Association of Realtors (NETAR) President Eric Kistner says March's numbers are eye-popping on several fronts. "Closings on single-family home sales were up 56.1% from February and 23.2% better than March last year. It was also the best March since NETAR began reporting on local market conditions nine years ago, a cap on the best first quarter...
March 31, 2017
February's new pending sales jumped to a six-month high in the 11-county area monitored by the Northeast Tennessee Association of Realtors'® (NETAR) Trends Report. The local report parallels the National Association of Realtors'® Pending Homes Sales Index, a forward-looking indicator based on contract signings. It made a strong rebound in February, soaring to the highest level in nearly a year and the second highest level in more than a decade....
March 15, 2017
The Tri-Cities region housing market's record-setting sales pace just hiccupped. It was a little one, but after 21 straight months of year-over-year increases, closings were down last month. So was the average sales price and inventory. The Northeast Tennessee Association of Realtors' (NETAR) Trends Report shows there were 336 closing on single-family homes in the 11-county region it monitors.  That's 11 fewer than February last year and 27...
February 27, 2017
New pending sales picked up in January paving the way for an early opening to what would normally be considered the spring peak buying and selling season. Eric Kistner, president of the Northeast Tennessee Association of Realtors, said January's new pending sales were 32% better than January last year and up 10.2% from December. "It was the 12th straight month new pending sales have increased in the 11-county region monitored by NETAR's Trends...

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