Cash is still king for home sales in Tri-Cities region – Investors buying more homes

Cash home sales were a little off their pace in the Tri-Cities region during the third quarter while investors were more active.

According to ATTOM Data Solution’s Home Sales Report, cash sales had a 25.9% share of all sales in Q3. All seven NE Tenn. counties had shares higher than that, one was double and four more were almost at the point of doubling the national share.

Washington County Tenn. had the smallest cash sales share at 33.3% followed by Sullivan County with 36.2%.

Here’s how the cash share sales looked when compared to Q3 last year.

Carter Co. – 45.1%, down from 50.2%.

Greene Co. – 46.5%, down from 50.7%.

Hawkins Co. – 46.9%, up from 44.8%.

Johnson Co. – 57.1%, down from 58.4%.

Sullivan Co.  – 36.2%, up from 34.6%.

Unicoi Co. -v37.7%, up from 36.9%.

Washington Co. TN – 33.3%, down from 34.5%.

Bristol Va. – 48.3%, up from 33.3%.

Washington Co. VA- 36.7%, up from 34.1%.

Sales to investors national wide accounted form 2.7% of all sales nationwide, up from 2.2% during Q3 last year.

Here’s how they looked in the Tri-Cities region:

Carter Co. – 1.9%, up from 1.7%.

Greene Co. – 4.3% up from 0%.

Hawkins Co. – 3.9%, up from 1.3%.

Johnson Co. – 0%, unchanged.

Sullivan Co. – 2.8%, up from 1.8%.

Unicoi Co. -2.8%, up from 0%.

Washington Co. TN – 2.3%, up from 1.4%.

Bristol VA – 0%, down from 1.3%.

Washington Co. VA – 3%, up from 0.7%.




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