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hhayes
Northeast Tennessee Association of Realtors

May home sales up from April’s total, but down 21.7% from last year

“The local market continues to struggle with the lowest inventory real estate professionals can remember,” NETAR President Bailey said. “Area-wide, there were barely three months of inventory on the market in May. And in some city markets, it was closer to two months. Six months of inventory is considered balanced housing market conditions.”

Jun 16, 2020 at 8:00 PM
hhayes
Northeast Tennessee Association of Realtors

NETAR: April home sales down, but prices were up

NETAR reported 543 residential sales closed for the month and were down 118 for the same month last year and 25 from March.

May 16, 2020 at 6:15 PM
hhayes
Northeast Tennessee Association of Realtors

NETAR: March home sales down slightly but up in first quarter

NETAR reported there were 568 single-family, townhome, and condominium resale closings, down from 620 last year. During the first three months of this year, 1,514 sales closed, up from 1,497 last year. March’s average resale price of $189,087 was a 7.6% improvement ($13,343) over last year, according to NETAR’s Trends Report.

Apr 15, 2020 at 10:30 PM
hhayes
NET Association of Realtors

Region's home sales take a breather

NETAR reported some home sellers are making changes to how prospective buyers view their listings amid growing concerns over the COVID-19 outbreak. In a survey conducted by the National Association of Realtors, agents disclosed their clients are taking extra precautions such as forgoing open houses and requiring buyers to sanitize hands and remove shoes.

Mar 14, 2020 at 9:00 PM
hhayes
Northeast Tennessee Association of Realtors

Tri-Cities housing market begins 2020 with a double-digit sales increase

There were 488 residential closings reported at month’s end, according to NETAR’s report. Single-family and condo resales were equally strong. There were 449 single-family closings, up 14.2% from 2019, and 39 townhome/condominium closings, which were up 50%. January’s average single-family sales price was $181,962. That is a $7,246 (4.1%) increase from last year.

Feb 20, 2020 at 8:30 AM
hhayes
Northeast Tennessee Association of Realtors

December home sales lift Tri-Cities 2019 housing market to new highs

There were 557 residential closings last month – up 26.6 percent from December last year, according to the Northeast Tennessee Association of Realtors’ (NETAR) December Trends Report. The average residential sales price of $179,230 was a 12.6 percent improvement from December last year, giving the average seller a $20,018 year-over-year price appreciation.

Jan 16, 2020 at 7:00 PM
hhayes
Northeast Tennessee Association of Realtors

November home sales push Tri-Cities area housing market toward another record year

There were 560 single-family resales closing in November, an 11.6 percent improvement over last year. The total for townhome/condo closings was 49, up 28.9 percent from last year. November’s average single-family resale price was $179,188, down 3.5 percent from last year, and the average townhome/condo resales price was $145,969, up 29.3 percent from last year.

Dec 17, 2019 at 7:30 PM
hhayes
Northeast Tennessee Association of Realtors

Tri-Cities home sales, prices continue record-setting pace

There were 668 closings on single-family, townhome and condominium sales last month and the average sales price rose to $182,628. The 10-month total for closings was 6,442, up 276 from the same period last year.

Nov 16, 2019 at 11:30 AM
hhayes
Northeast Tennessee Association of Realtors

September home sales up 21.2%; average sales price up 8.3%

Inventory, especially listings in the $200,000 and below price range, continue to be the biggest challenge, said association President Karen Randolph.

Oct 15, 2019 at 8:30 PM
hhayes
Northeast Tennessee Association of Realtors

Average single-family Tri-Cities home price tops $200K for first time

All primary city markets – except Johnson City – and all but two counties in the region also recorded strong year-over-year price increases. Closings on residential sales were flat on the heels to back-to-back monthly highs in June and July.

Sep 18, 2019 at 10:00 PM
hhayes
Northeast Tennessee Association of Realtors

Local home sales return to hot market zone

Tri-Cities area home sales increased 9.5 percent in July and the average sales price continues to go up, according to a report from the Northeast Tennessee Association of Realtors. NETAR reported the increase was driven by a strong condominium-townhome rebound and better-than-average single-family sector performance.

Aug 21, 2019 at 9:30 PM
Tennessee Association of Realtors lobbyist and Nashville attorney Russ Farrar visits with Realtor Diane Hills prior to giving the Northeast Tennessee Association of Realtors a legislative update.
hhayes
Northeast Tennessee Association of Realtors

Realtors applaud repeal of professional privilege tax

BLOUNTVILLE  — Real estate brokers won’t have to pay the $400 professional privilege tax anymore, Tennessee Association of Realtors lobbyist and Nashville attorney Russ Farrar told a Northeast Tennessee Association of Realtors meeting on Tuesday.

Jul 24, 2019 at 9:45 PM
hhayes
Northeast Tennessee Association of Realtors

Soft townhome sales throw shade on region’s June housing report

“Don’t be fooled by closings numbers. The housing market in the 11-county region monitored by NETAR continues to set new sales and price records,” NETAR President Karen Randolph said. “Falling mortgage rates and a growing local jobs market are keeping consumer confidence high when it comes to real estate.”

Jul 18, 2019 at 5:30 PM
hhayes
Northeast Tennessee Association of Realtors

May home sale closings down, but average sales price second best in 11 years

There were 727 closings last month – 664 on single-family homes (down 3.9 percent) and 63 on townhome and condominium sales (up 12.5 percent). The average single-family home resales price was $182,378, up 2.5 percent and the average townhome/condo resale price was $128,291, down 0.3 percent from May last year.

Jun 15, 2019 at 9:00 AM
hhayes
Northeast Tennessee Association of Realtors

NETAR: Home sales rebounded in April

Combined single-family and condominium closings totaled 661, up 70 from April last year and 41 more than March. The region’s all-sales growth rate continues trending higher, but at the slowest growth rate in four years.

May 14, 2019 at 10:00 PM