Tri-Cities New Home Sales Fall as Prices Continue Rising

The Tri-Cities new home market delivered a mixed signal in July. Buyers purchased fewer newly built homes than they did a year earlier, but those who entered the market paid more for larger properties.

According to the Northeast Tennessee Association of Realtors® (NETAR), 56 new homes closed during July. That was down 17.6% from 68 sales in July 2025. Meanwhile, the median sale price increased 3.8% to $365,588, and the average rose 3.9% to $403,651.

Falling sales and rising prices may appear contradictory, but they measure different aspects of the market. The sales count reflects activity, while prices depend on the types of homes being purchased. When buyers select larger homes or properties in more expensive locations, prices can rise even as…

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Rogersville Led Tri-Cities Markets for Price Cuts in July

Rogersville recorded the highest rate of seller price reductions among established Tri-Cities housing markets in July. Of its 21 completed sales, 12 involved a price cut, producing a market-leading share of 57.1%.

Gray followed with reductions on eight of its 16 sales, or 50%. Blountville ranked third, with 13 of its 27 sellers reducing their asking price before closing—a share of 48.1%.

These are mid-sized housing markets, so a few additional reductions can shift their percentages quickly. Even so, the results point to a clear trend: sellers in Rogersville, Gray and Blountville adjusted their prices more frequently than those in the region’s larger markets.

How often sellers reduce their prices, however, does not necessarily indicate the size of…

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Tri-Cities Luxury Home Market Surges With Strong April Sales Activity

Tri-Cities Luxury Home Market Surges With Strong April Sales Activity

The Tri-Cities luxury housing market saw a major jump in April, with nine home sales closing at $1 million or more across the region. That marked a sharp increase from March, which recorded just three luxury sales, and from April 2025, when only one property crossed the million-dollar threshold. The sudden rise in high-end closings points to renewed strength in the upper tier of the Northeast Tennessee housing market and suggests that buyer demand for premium properties remains active heading into the spring season.

Luxury Sales Volume Rebounded Strongly in April

April’s top luxury sale was a Blountville property that closed for $1,614,000. The 7,731-square-foot home, located…

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Tri-Cities Housing Market Gains Momentum With Strong March Sales Growth

Tri-Cities Housing Market Gains Momentum With Strong March Sales Growth

The Tri-Cities housing market continued to show encouraging momentum in March, posting a 10.3% year-over-year increase in home sales across the nine-county region. According to data from the Northeast Tennessee Association of Realtors, the region recorded 641 closings for the month, reflecting broad-based activity across many local markets. While some of the biggest percentage swings came from smaller communities where low transaction volume can exaggerate month-to-month changes, the more important story is that several of the region’s largest and most active markets also posted meaningful gains. Taken together, the numbers suggest that buyer demand across Northeast Tennessee…

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