Kingsport by the numbers
By DON FENLEY Housing affordability in the Tri-Cities continues to hinge on a simple question: How much home can local incomes reasonably support? Using the region’s latest median income benchmarks and the affordability guideline that households should spend no more… Read More ›
September underscored a transition for the region’s townhome and condo segment. The overall pace of sales cooled, pending contracts thinned, and inventory expanded in nearly every county. Sullivan and Washington, TN remained the primary anchors of activity, but both are… Read More ›
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 ›
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.
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 $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 ›
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 ›
Thanks for the comment Debbie. It's a snapshot of today's conditions, stay tuned
Always of interest to get confirmation of what I see as the year moves on.
[…] The Tri-Cities employment is in its best shape since the year began, but the gains are concentrated. At the…
Thanks for the question Jeff. Kingsport was not listed because there were no closing of $1 million plus properties during…
Great report Don Why was kingsport not listed ? Jeff Begley Founder & Principal Begley Development LLC