Found 3 blog entries tagged as Tennessee real estate blog.

Tri-Cities Housing Inventory Is Rising, but Supply Still Remains Tight

Housing inventory is increasing across the Tri-Cities, but the pace of that growth has begun to slow. That puts the region in line with the broader national market, where inventory is also rising at a more moderate rate than it was a year ago. Still, the local story is different in one important way: Northeast Tennessee remains well below its pre-pandemic housing supply levels. While buyers now have more choices than they did during the most competitive years of the pandemic market, the Tri-Cities is still operating in a supply-constrained environment that continues to support home values and shape buyer behavior.

Inventory Is Growing, but the Recovery Is Still Incomplete

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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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How the Tri-Cities Middle Class Is Shaping Today’s Housing Market

The Tri-Cities housing market is still largely driven by the middle class, but the structure of that middle-income population is changing in ways that are increasingly influencing home prices, buyer demand, and where growth happens across the region. While more than half of local households still qualify as middle class, that group is not evenly distributed across income levels. Instead, the market is being shaped by a larger concentration of lower-middle income households and a smaller but important upper-middle income segment. That divide is becoming one of the clearest forces behind how the Northeast Tennessee housing market behaves.

The Tri-Cities Middle Class Is Split Into Two…

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