A Tale Of 2 Knoxville Real Estate Markets: Luxury vs. Starter/Trade-Up

Some Highlights:

• An emerging trend in Knoxville 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 in Knoxville 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 85 consecutive months.