By DON FENLEY A $4.2 million cash sale in Butler’s Horseshoe Cove was the region’s 36th $1 million plus sale in June. It also tops the luxury home sales category so far this year. The 8,205 sq. ft. five-bedroom home… Read More ›
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Data-driven reports on jobs, labor markets, housing and economic trends in Kingsport, Tenn. Bristol, Tenn. Bristol, Va. Johnson City, Tenn.
June home sales in a slump, prices flat
BY MICHELLE DAVIS June temperatures were hot – home sales were not. They were 22.8% off May’s pace and 20% behind this time last year. Prices also declined just enough to flatten the year-over-year trend line. That’s the early market… Read More ›
There’s more to housing demand than newcomers
By MICHELLE DAVIS Most focus on who’s buying homes is on newcomers, and the just-released Census population estimates affirm that more are on the way. There might not be quite as many of them as there have been, according to… Read More ›
Pending home sales up 15% on more high-end contracts
By DON FENLEY Pending sales jumped 15.1% in March on a 113.3% increases in the number of new contracts in the top bracket of the move-up market. Although demand – as monitored by the number of days a property… Read More ›
January existing home sales and median prices for NE TN and SW VA
Despite the buzz, the local median home sales price is not around $400,000. Here’s the sales and median sales price data from January. Some of the high prices in the community markets are skewed by luxury home sales. Piney Flats… Read More ›
Are new residents shifting into slower-growth mode?
By DON FENLEY The U-Haul Growth Index has been welcome news in the Tri-Cities since the pandemic. That was especially true in 2020, when the Tri-Cities area was at the top of state one-way destination gains. Tennessee has relinquished the… Read More ›
Condo sales inch up, prices decline
By DON FENLEY TRI-CITIES, TN – Condos barely held onto a sales upswing in November while prices continued falling from their September peak. According to the Northeast Tennessee Association of Realtors (NETAR), there were 29 sales last month. That’s one… Read More ›
Excellent and well written !!
I like the “BOOMER BABIES” lol
Donâ¦. Would you be so kind as to add Bristol, Tennessee Vice Mayor Lea Powers to your mailing list? Thank…
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.