Found 15 blog entries tagged as Tri-Cities housing market.

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…

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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.

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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…

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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 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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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 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,…

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Tri-Cities Luxury Home Market Surges With Strong April Sales Activity

The Tri-Cities luxury housing market saw a major jump in April, with nine home sales closing at $1 million or more across the region. That marked a sharp increase from March, which recorded just three luxury sales, and from April 2025, when only one property crossed the million-dollar threshold. The sudden rise in high-end closings points to renewed strength in the upper tier of the Northeast Tennessee housing market and suggests that buyer demand for premium properties remains active heading into the spring season.

Luxury Sales Volume Rebounded Strongly in April

April’s top luxury sale was a Blountville property that closed for $1,614,000. The 7,731-square-foot home, located…

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Tri-Cities New Home Sales Surge as Demand Strengthens in April

The Tri-Cities new home market delivered a strong performance in April, signaling renewed momentum in one of the region’s most important housing segments. After adjusting for one $1 million-plus sale in each year, new home sales jumped 64% compared to the same month last year, while the median sold price climbed 16%. Through the first part of 2026, the region recorded 161 new home sales, up from 138 during the same period in 2025. Those gains suggest that buyer demand for newly built homes remains healthy, even as affordability and financing conditions continue to shape the broader housing market.

Sales Volume Shows a Significant Shift in Buyer Activity

The biggest takeaway from…

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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…

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