REAL ESTATE

Commercial Real Estate – The Big Picture in Plain English

By DON FENLEY The Tri-Cities and Knoxville commercial market is in better shape than most of the country. The two things to keep an eye on: Kingsport-Bristol’s retail sector, where something significant appears to have closed and nobody has moved… Read More ›

Industrial Sector Leads NE. Tenn. Commercial Real Estate Snapshot

By DON FENLEY ON THE RADAR Kingsport-Bristol retail: A 351,855 SF absorption loss paired with only 4.0% vacancies to large-block closures. The backfill timeline will determine whether the vacancy drifts materially higher. Knoxville multifamily: Only market with negative rent growth… Read More ›

Seller Concessions A Constant; Price Cuts Variable

By DON FENLEY Seller flexibility has become a structural feature of the Tri-Cities housing market. That’s the signal in 13 months of concession and price reduction data tracking April 2025 through April 2026 home sales. Buyers are getting concessions in… Read More ›

Tri-Cities Inventory Recovery Mirrors National Trend, But From a Different Floor

By DON FENLEY Tri-Cities housing inventory is rising, but the pace of growth is slowing. That puts the region squarely in sync with the national market, even if the underlying dynamics are distinctly local. Active listings across the nine-county region… Read More ›

Tri-Cities April Median Home Price Up 5.1%, Sustains Broad-Based 2026 Gains

By DON FENLEY The Tri-Cities residential market posted a $289,000 median sale price last month, up 5.1% from last year. The gain is not a one-month anomaly. Year-to-date median pricing of $280,000 runs $9,500 (3.5%) above the comparable YTD data… Read More ›

April Home Sales: Move-Up and Luxury Lead as Affordable Market Holds Steady

By DON FENLEY Early April data from the Northeast Tennessee Association of Realtors® (NETAR) show home sales are up 10.2% from last year. The gain is consistent with typical spring seasonality, and final totals are expected to rise as all… Read More ›

It’s a Seller’s Market with Divergent Dynamics

By DON FENLEY Every submarket in the nine-county Tri-Cities region remains a seller’s market, but that uniform designation masks a widening split between markets where sellers hold the leverage and those where conditions are loosening. Most markets have two to… Read More ›

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