Tri-Cities New Home Sales Fall as Prices Continue Rising
Posted by Liv Stevens on
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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