865 Real Estate

East Tennessee Real Estate & Neighborhood Source

2 Markets. 2 Different Directions. Luxury vs. Starter/Trade-Up

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The Tale of Two Markets [INFOGRAPHIC] | MyKCM

Some Highlights:

  • An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!
  • Inventory continues to rise in the luxury and premium home markets which is causing prices to cool.
  • Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for 80 consecutive months.

Have questions about the market, the value of your home, or whether it’s a good time to buy or sell a home? Call or text Troy Stavros with CornerStone Realty Associates directly at 865-999-0925 or through our contact form.

VIDEO: Major Reasons For Todays Current Inventory Shortage

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We are dealing, not only locally but nationally, with a serious shortage of inventory in the real estate world. This video explains some of the major reasons we are in this position. Questions? Contact Troy Stavros with Gables & Gates REALTORS. Serving Tennessee home buyers and sellers in the greater Knoxville and Nashville (Franklin) areas. Contact Troy at 865-999-0925.

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