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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
hhayes
Northeast Tennessee Association of Realtors

Lack of inventory squeezing the home sales market

Still, the Northeast Tennessee Association of Realtors noted first quarter sales and the average sales price for both single-family homes and townhomes/condos were up from the first three months of last year.

Apr 18, 2019 at 2:10 PM
hhayes
Northeast Tennessee Association of Realtors

Local housing market rebounds from soft January

The Tri-Cities area housing market snapped back from a 2019 soft opening with resales that outperformed both the February state and East Tennessee markets, according to a report released Thursday by the Northeast Tennessee Association of Realtors.

Mar 14, 2019 at 5:30 PM
hhayes
Northeast Tennessee Association of Realtors

NETAR: Shutdown is 'likely culprit' for slight home sales dip

NETAR reported on Friday that local single-family home sales fell by one closing in January compared to the same month last year. Closings on condominium and townhome sales were also down by one.

Feb 16, 2019 at 4:00 PM
hhayes
Northeast Tennessee Association of Realtors

NET housing market had best sales year since 2008

The Northeast Tennessee Association of Realtors noted the total sales volume for residential resales was also a record high of $1.42 billion – a 28 percent increase from last year and the third straight year it has exceeded a billion dollars.

Jan 16, 2019 at 6:00 PM
hhayes
Northeast Tennessee Association of Realtors

What does the shutdown mean for Realtors?

Most of the local effect is a delay of U.S. Department of Agriculture loans. USDA is a leading mortgage lender in the 11-county region monitored by the Northeast Tennessee Association of Realtors.

Jan 15, 2019 at 8:00 PM
hhayes
Northeast Tennessee Association of Realtors

Home sales still on track for eighth straight year of increases

“With a month to go, it’s safe to say 2018 will be another record year for single-family sales and average price appreciation,” NETAR President Aaron Taylor said.

Dec 19, 2018 at 10:00 PM
Aaron Taylor
hhayes
Northeast Tennessee Association of Realtors

How's the real estate market doing?

Regional single-family home resales were up 2.8 percent in October when compared to the same month last year but the average sales price was up 13.9 percent, according to a report released Thursday by the Northeast Tennessee Association of Realtors (NETAR).

Nov 15, 2018 at 10:00 PM
hhayes
Northeast Tennessee Association of Realtors

Home sales cool off, but closings still up for the year

NETAR insisted “the more telling numbers” were: September's closings were up by 84 (15.6 percent) when compared to September last year. And so far, this year there have been 5,186 closings, 480 more closings than there were during the first nine months of last year – a 10.2 percent increase.

Oct 15, 2018 at 10:30 PM
hhayes
Northeast Tennessee Association of Realtors

Region's home sales still at a 10-year high

NETAR President Aaron Taylor said August’s closings were the second-best single month in 10 years. May was the best month in a decade and was only six sales better than August.

Sep 12, 2018 at 9:00 PM
hhayes
Northeast Tennessee Association of Realtors

Is the region's housing market still peaking?

"We're seeing a record sales pace despite a slight slowing since May when the market peaked," said NETAR President Aaron Taylor. "There was also a small increase in new listing, so we're headed into the closing months of the summer with some fresh inventory. But even with those new listings, our inventory remains at record low levels."

Aug 15, 2018 at 10:00 PM
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