Here’s how the current real estate market is doing through the end of March, all around Knoxville, compared to last year. Remember, real estate is hyper local, meaning your county may show one thing but your specific subdivision or home may be doing something completely different. Contact me for a personal analysis! Here is […]
Data Confirms That Now Is a Great Time to Sell Your Home in Knoxville
Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials […]
Year End Housing Snapshot: Sales Declining Nationally, Knoxville Still Strong
Nationally, at the end of 2018, pending home sales fell, possibly due to concerns about the economy and rising home prices, according to a recently released housing index from the National Association of REALTORS®. Chief economist for NAR, Lawrence Yun said, “The stock market correction hurt consumer confidence, record high home prices cut into affordability, and mortgage rates […]
Home Sales Are Up In All Price Ranges Above $100,000!
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory of homes available for sale in this price range but also […]
Home Sales Up Year Over Year (INFOGRAPHIC)
Some Highlights This is the 48th consecutive month with year-over-year price gains. Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.” Inventory is still below historic norms at a 4.4 month supply.
Home Sales Reportedly Dropped Last Month. Is That Accurate?
Last week, the National Association of Realtors (NAR) released their latest Existing Home Sales Report which covered sales in November. The report revealed that sales: “…fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November (lowest since April 2014 at 4.75 million)…” That report gave birth to a series of industry articles, […]
August Report of Existing Home Sales and Prices By Region
Some Highlights: Across the country Existing Home Sales are up 10.3% year-over-year. For the 10th month in a row of year over year gains, Sales rose to an annual rate of 5.59 million. The U.S. Median price of a home is $234,000, up 5.6% year-over-year. The August numbers mark the 41st consecutive month of year-over year price […]
Home Prices and Sales are Rocketing Upward!
I hope you enjoyed a great 4th of July weekend! It turns out that along with the fireworks, home prices and home sales are shooting up just as dramatically. Some Highlights: Existing Home Sales are 9.2% higher than just one year ago. Home Prices are 7.9% higher than last year this time. The $250-500K price […]