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…

13 Views, 0 Comments

Tri-Cities Home Prices Expected to Hold Steady Through End of 2026

Tri-Cities home prices are on track to remain near their current levels through the end of 2026. Sales and prices continue performing at record highs, but most of this year’s price growth occurred during the first half.

Inventory is increasing, giving buyers more options, but the number of available homes remains below pre-pandemic levels. That limited supply continues to support prices, even as high mortgage rates and more selective buyers restrict how much further they can climb.

The first half of the year did much of the market’s heavy lifting. The year-to-date median sale price in the Kingsport-Bristol metro area increased 2.04%, placing it close to most full-year forecasts. Zillow’s outlook calls for a 2.4% increase in Kingsport-Bristol…

59 Views, 0 Comments

Tri-Cities Housing Market Remains Strong but Reaches an Affordability Plateau

The Tri-Cities housing market ended the first half of 2026 on solid ground, but signs of a plateau are beginning to emerge. Demand remains strong, prices are still rising and inventory continues to favor sellers. However, affordability has limited further growth and pushed more buyers toward the middle and upper ends of the market.

Through June, the region recorded 4,115 home sales, an 8.3% increase from the same period last year. New listings rose 2.9%, while the median sales price increased approximately 3.5%.

Despite those gains, TCI’s Annualized Sales Tracker—a rolling 12-month measurement of closings—declined 0.1%. The small dip ended 12 consecutive months of growth. It does not signal a downturn, but it suggests the market is leveling off.

…

43 Views, 0 Comments

Tri-Cities Housing Market Stays Healthy as Johnson City and Kingsport Lead June Growth

Tri-Cities Housing Market Stays Healthy as Johnson City and Kingsport Lead June Growth

The Tri-Cities housing market delivered a healthy performance in June, with both sales activity and home prices moving higher across the region. That combination is one of the clearest indicators of a stable market. When transaction volume rises alongside price growth, it usually points to real buyer demand rather than temporary market distortion. In June, the strongest momentum came from the center of the region, with Johnson City and Kingsport standing out as the primary drivers of both sales volume and pricing strength.

Johnson City and Kingsport Powered the Month

June home sales across the Tri-Cities rose 4.5% compared with the same month a year ago, while…

255 Views, 0 Comments

Tri-Cities New Home Market Holds Steady in Sales but Jumps in Price 2026

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…

2471 Views, 0 Comments

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

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…

358 Views, 0 Comments

Tri-Cities Mortgage Lending Grew in 2026, but Refinancing Tells the Real Story

Tri-Cities Mortgage Lending Grew in 2026, but Refinancing Tells the Real Story

At first glance, the Tri-Cities mortgage market looks strong. Total loan originations across the region rose 10.1% year over year in the first quarter of 2026, outperforming what many buyers and sellers might expect in a higher-rate environment. But a closer look at the data shows that this was not a surge driven by home purchases. Instead, the real growth came from refinancing activity, while purchase lending slipped and home equity borrowing also moved lower. That shift matters because it shows the local market is still feeling many of the same affordability pressures seen across the country, even if the headline numbers appear more positive.

Total Lending Increased,…

43 Views, 0 Comments

Tri-Cities Foreclosure Activity Falls in April Despite National Increase

Tri-Cities Foreclosure Activity Falls in April Despite National Increase

Foreclosure activity in the Tri-Cities moved lower in April, offering a notable contrast to the broader national picture. While foreclosure filings across the United States posted a year-over-year increase last month, Northeast Tennessee saw filings decline both from March and from the same time a year ago. That local drop is an encouraging sign for the region’s housing market, especially after a much stronger pace of foreclosure activity during the first quarter of 2026. Although distress levels remain worth watching, the latest numbers suggest the Tri-Cities housing market is still operating from a relatively stable position compared to national trends.

April Brought a Sharp…

73 Views, 0 Comments

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…

71 Views, 0 Comments

Northeast Tennessee Housing Affordability Faces New Challenges in 2026

Northeast Tennessee Housing Affordability Faces New Challenges in 2026

For many families across Northeast Tennessee, the path to homeownership has become far more difficult than it was just a few years ago. Since 2019, monthly housing costs have risen dramatically across the region’s three major metro areas, putting increasing pressure on household budgets. Recent affordability data shows that while homeownership remains a goal for many buyers, the financial reality has shifted in a major way. From Johnson City to Kingsport-Bristol to Greeneville, rising home prices, higher mortgage rates, and increased insurance costs are all contributing to a tighter housing market.

Johnson City Has Seen the Biggest Affordability Shift

Of the three metro areas…

243 Views, 0 Comments