Tri-Cities vacant land sales are looking a lot like a market in a typical seasonal pattern. It’s not that much different from other real estate market elements like residential resales and new homes where sales are down, but not in a correction mode that dominates so many news reports. 

So far this year, there have been 38 vacant land transactions that were listed on the Northeast Tennessee Association of Realtors (NETAR) Commercial Multiple Listing Service (CMLS) and 1,928 that were listed on the Flex Listing Service. Those are the two primary local listing services. 

CMLS transactions are up one from the first 11 months of last year, while there were 15 fewer than this time last year from the Flex listings.  

Most transactions this year have been in the $30,000 to $39,999 price range. The price with the largest number of active inventory is in the $500,000 and up range. And the listing in that range is 21% higher than this time last year.  

Twenty-three of the local vacant land listings are priced at $1 million or more. The most expensive is 70 acres near the I-81 Exit 74 exit. That listing is for $8.5 million. 

Those are just the land listing on the two local databases and not inclusive of all properties for sale or lease.