CORE DATA

Kingsport by the numbers

Inventory Growth Shows Steadily Rebalancing Market

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Consistent month-to-month increases, and wide year-over-year gains point to a market steadily rebalancing after years of tight supply. The second group of charts from Lance Lambert’s Inventory Tracker show the year over year inventory growth of county markets since 2017…. Read More ›

Staying in touch with Tri-Cities housing

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Here are some of the charts and graphs published on my Facebook page that help agents, consumers and investors keep in touch with the local housing market. It’s core information that is not available via most local media.    

Tri-Cities Luxury Market Shifts to Smaller Homes, Broader Geography

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The number of luxury home closings is holding steady, but the character of the $700K+ segment is changing. So far this year, there have been 205 sales, up from 202 this time last year. August sales reflected most of the… Read More ›

August’s Tri-Cities Million Dollar Plus Top Sale was in Greeneville

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August’s $1 million plus home sales held steady year-over-year at five closings, but the shape of the top end of the luxury market is shifting. In August, buyers favored smaller homes on larger lots, pushing price-per-square-foot higher even as average… Read More ›

Tri-Cities Housing Market Shows Early Signs of Sales Momentum

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One of the biggest advantages of watching the Tri-Cities housing market through annualized sales is spotting when trends begin to shift. The latest update from the TCI Group’s Annualized Home Sales Tracker suggests just that. Combined with early outlooks for… Read More ›

Price Cuts, Buyer Bargains Define Tri-Cities Housing Market

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Executive Brief Sellers who cut their original listing price before selling averaged $33,483 reductions before selling. Nearly two-thirds of closings were below list price. Buyers also secured an average $18,700 discount under listing. Only 15% of homes sold above list,… Read More ›

August Tri-Cities foreclosures spike to a four-year high

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ATTOM’s August Foreclosure Market Report showed a notable shift in the Tri-Cities. For the first time in four years, new filings in August (57 in total) surpassed past levels. That’s a sharp contrast to earlier this summer, when the local… Read More ›

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