Summary New home sales in the Tri-Cities fell in July from a year earlier. Prices rose anyway. The market got smaller, more expensive, and more concentrated in a few cities. Sellers cut their asking prices more deeply than last year… Read More ›
REAL ESTATE
Housing Market Softens, Remains on Solid Footing
Summary July’s Tri-Cities housing market showed some seasonal softening in July. Sales were flat and prices were down from June’s peak. Remove the seasonality, and a more precise picture emerges. Prices are 1.05% higher than last year and sales are… Read More ›
Rogersville: The Hottest Markets for Price Cuts
By DON FENLEY Rogersville was the hottest Tri-Cities market for price cuts in July. Sellers there trimmed the asking price on 57.1% of sales, the highest share of any market with a solid sales count. Gray and Blountville were close… Read More ›
Buyers Negotiate Lower Price in Two of Every Three Home Sales
By DON FENLEY Tri-Cities home sellers are pricing closer to the market this summer, but buyers still hold the upper hand at the closing table. Price cuts appeared in 37.4% of July sales, well off the winter pace, while 64.5%… Read More ›
Tri-Cities Home Prices Expected to Hold Steady the Rest of 2026
By DON FENLEY Tri-Cities home prices are on track to hold steady through the end of 2026. Most of this year’s price gains happened in the first half. Inventory is increasing but still lags pre-pandemic levels. Sales and prices are… Read More ›
Mobile Home Sales, Prices Rose at Mid-Year; More Sellers Cut Their Asking Price
SUMMARY Tri-Cities mobile home sales and prices both rose through mid-year 2026. Sales climbed 11.2%, and the median sale price reached $220,000. Sellers also cut their asking price more often. Nearly half of all sales involved a price cut. Homes… Read More ›
Tri-Cities $1 Million+ Market Ceiling Stopped Rising
SUMMARY The Tri-Cities luxury market is selling more homes than it did a year ago. It is also selling them slower, cheaper than asked, and to buyers who are in no hurry. By DON FENLEY Something changed at the top… 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.