Some Highlights In today’s sellers’ market, you’re set up to win big when you list your house in Knoxville. That’s because Knoxville homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing needs and taking advantage of near historic-low mortgage rates. If you’re […]
Home Price Appreciation and What It Means for Sellers in Knoxville
When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller in Knoxville, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and […]
With Home Values Surging, Is it Still Affordable to Buy in Knoxville Right Now?
Housing inventory in Knoxville and nationwide is at an all-time low. Realtor.com just reported that nationally, there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight moderation […]
VIDEO: Knoxville Home Prices.. It’s All About Supply and Demand
As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come.
What is Really Happening with Knoxville Home Prices?
Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expected economy and a good spring housing market […]
Knoxville and Farragut TN Real Estate Market Snapshot – March
Here are the most recent (March) statistics for the Knoxville and Farragut TN real estate markets. Here are the Knoxville TN real estate market stats for March. The highlighted stats are: Median sold price of Knoxville homes in March = $153,000 Median list price of Knoxville homes in March = $159,900 Median days on the Market for Knoxville homes […]
Knoxville and Farragut TN Real Estate Market Snapshot – February
Here are the most recent (February) statistics for the Knoxville and Farragut TN real estate markets. Here is a quick Knoxville TN real estate market snapshot for February. The highlighted stats are: Median sold price = $150,000 Median list price = $155,000 Average days on the Market = 114 days Sold Listings = 878 New Listings […]
Are Home Prices Going Up in Knoxville and Farragut?
Whether you are thinking about selling your home in Knoxville or buying a home in Knoxville you will want to ask, “are home prices going up in Knoxville?”. Knowing whether home prices are going up can determine whether it is a good time to buy or sell a home, at what price you should buy […]
How Are Knoxville Home Prices Up and Affordability as well?
How are Knoxville home prices up and affordability as well? Recently released data from the July Existing Home Sales release published in late August states that median priced existing homes have increased in price by 9.4% from one year ago. With that being said, you as a Knoxville home buyer might ask yourself, have I missed […]