Found 2 blog entries tagged as price reductions.

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 Luxury Housing Market Cools as Buyers Gain More Leverage

The top end of the Tri-Cities housing market has shifted in a meaningful way. Luxury homes priced at $1 million or more are still selling for about the same prices they did a year ago, but they are taking longer to sell and sellers are making larger price cuts to get deals done. That combination points to a market that is no longer moving at the speed it did during the height of post-pandemic demand. For buyers, it means more options and less competition. For sellers, it means pricing strategy matters more than ever.

Prices Are Holding, but Sales Activity Has Slowed

Eight homes priced at $1 million or more sold in the Tri-Cities last month, down from 11 sales during the same…

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