September 15, 2019
By KAREN RANDOLPH Here is a puzzle that has some housing market watchers scratching their heads.
What is driving four years of record-setting single-family homes sales, pushed the average sales price to an all-time high and created a market where 4 months of inventory has replaced the 10 to the 11-months local norm?...
September 8, 2019
Karen Randolph 2019 NETAR President
Pundits have written tens of thousands of words about when is the best time of the year to buy or sell a home. After a study of 53,899 closings and the average prices from 2008-2018, I can say with some authority the best time to buy or sell a single-family home in the 11 counties monitored by the...
September 1, 2019
By KAREN RANDOLPH It's most noticeable in the early morning and late afternoon hours. It makes you go back inside for a sweater or rush to the car and switch on the heater. The "it" I'm talking about is the first hints that fall – our most colorful season – is just around the corner. Those crisp mornings are a big clue for savvy homeowners to begin the seasonal switchover for their homes. Getting an early start on the annual...
August 24, 2019
By KAREN RANDOLPH There is little doubt about it, townhomes and condominiums are claiming a bigger role in the local housing market. The headline for the Northeast Tennessee Association of Realtors’ (NETAR) July Trends Report was about residential sales posting a 9.5 percent gain after two declining months. A rebound of townhome and condominium closings drove that increase. It would have been a good month without the townhome...
August 17, 2019
By KAREN RANDOLPH New listing is a metric that helps us determine supply/inventory. July’s housing market good news is - this metric increased during the first seven months of this year in all but one city market in the 11 counties monitored by the Northeast Tennessee Association of Realtors® (NETAR).
However, seven...
August 11, 2019
By KAREN RANDOLPH When was the last time you heard some hushed conversation about the local housing market hot spots? The only thing that generates as much chatter is an aggressively priced home in a prime neighborhood that is getting ready to hit the market. But are there hot spots?
You bet. There are hot spots for...