Found 3 blog entries tagged as new home prices.

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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Tri-Cities New Home Market Holds Steady in Sales but Jumps in Price

The Tri-Cities new home market did not expand in size in May, but it became noticeably more expensive. While the number of closed sales remained unchanged from a year ago, both median and average prices posted substantial gains. That combination points to a market where demand is still holding, but the cost of entering the new construction segment continues to rise. For buyers, builders, and sellers watching Northeast Tennessee housing trends, May’s data offers a clear reminder that price growth can remain strong even when transaction volume stays flat.

Prices Are Climbing Even Without More Sales

There were 86 new home sales across the Tri-Cities in May, exactly the same number…

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Tri-Cities New Home Market Holds Steady in Sales but Jumps in Price

The Tri-Cities new home market did not expand in size in May, but it became noticeably more expensive. While the number of closed sales remained unchanged from a year ago, both median and average prices posted substantial gains. That combination points to a market where demand is still holding, but the cost of entering the new construction segment continues to rise. For buyers, builders, and sellers watching Northeast Tennessee housing trends, May’s data offers a clear reminder that price growth can remain strong even when transaction volume stays flat.

Prices Are Climbing Even Without More Sales

There were 86 new home sales across the Tri-Cities in May, exactly the same number…

411 Views, 0 Comments

Read Full Post