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Are Knoxville Home Prices Cooling? October 2025 Knoxville & East Tennessee Housing Market Update

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Are you wondering what’s really happening in the Knoxville and East Tennessee real estate market? The latest data for October 2025 reveals a turning point for both buyers and sellers, with significant changes in inventory, pricing, and market dynamics. Whether you’re thinking of buying, selling, or just keeping an eye on the local market, this comprehensive update breaks down the key trends you need to know.

Knoxville Housing Market: A Shift Toward Balance

The Knoxville single-family home market is experiencing a notable transition. Inventory levels have surged by an impressive 42.3% year-over-year, giving buyers far more choices than in October 2024. New listings are up 11.5%, and pending sales have climbed by 12.3%, indicating that demand remains active despite the influx of supply.

However, closed home sales dropped 5.9% compared to last year. This shift means that, while buyers are interested, the increased inventory isn’t being fully absorbed, signaling a clear move away from the intense seller’s market conditions of recent years.

Pricing Trends in Knoxville

  • Median sales price fell 5.9% year-over-year to $382,500, a significant decline.
  • Average sale price remained virtually flat at $497,005, up just 0.4%.
  • Median active list price dropped 2.3%, while the average list price increased 2.2%. This suggests that while some sellers are adjusting prices downward, higher-priced homes are staying on the market longer.
  • Average days on market jumped 48.5% to 49 days, and median days on market rose 43% to 20 days. Homes are taking longer to sell as buyers become more deliberate and selective.

Month-Over-Month Snapshot

Compared to September, the absorption rate in Knoxville ticked up slightly to 3.11 months (from 3.05). Both average and median days on market increased, reinforcing the trend of a cooling market. Despite these headwinds, pending sales rose from last month, showing there’s still underlying demand even as buyers take more time and exercise greater negotiating power.

Key Takeaway for Knoxville

The Knoxville real estate market is now much more balanced. Buyers have regained leverage, sellers face more competition, and price appreciation has clearly stalled. Sellers should prepare for longer marketing times and the need to price competitively to attract offers. Buyers, on the other hand, can expect a greater selection of homes and improved negotiating conditions compared to the overheated market of a year ago.

East Tennessee Housing Market: Signs of Normalization

Looking beyond Knoxville, the East Tennessee single-family housing market is also showing clear signs of normalization in October 2025.

  • Inventory levels rose sharply, up more than 22% from last year, giving buyers more options and easing some of the competitive pressure.
  • Home sales were up just over 3% year-over-year, while pending sales surged 20.8%, signaling strong momentum heading into the winter months.
  • New listings climbed 12%, and while sellers continue to price homes optimistically (list prices up 2–3%), actual sales prices showed stability.
    • Median sales price dipped just 0.54% to $368,000
    • Average sale prices remained flat
  • Absorption rate now sits at 4.78 months, up from 4.06 a year ago, reflecting a market moving toward balance.
  • Average days on market rose to 64, a 36% increase from last year, though marketing times improved slightly compared to September.

County-Level Highlights

  • Roane County: Inventory up 41.7%, pending sales up 32.2%, median price up 3.7% to $350,000.
  • Knox County: Inventory up 37.1%, pending sales up 12.7%, median price down 4.74% to $381,000.
  • Anderson County: Inventory up 34.6%, pending sales up 21%, median price down 1.34% to $332,000.
  • Loudon County: Inventory up 17.1%, pending sales up 11%, median price down 12.52% to $544,500.
  • Sevier County: Inventory up 10.94%, pending sales down 11.41%, median price up 25% to $575,000.
  • Blount County: Inventory up 10.5%, pending sales up 13%, median price down 2.46% to $390,075.

Four out of six counties saw median prices lower than a year ago, showing that while some areas still see appreciation, price growth is largely stalled or even negative across much of the region.

Market Charts: Knoxville Metro at a Glance

  • Active listings are at their highest in six years, surpassing even pre-pandemic levels.
  • Weeks of supply have jumped to 17, up from 11 in 2019, showing a significant increase in inventory relative to demand.
  • 2025 saw the lowest number of homes sold for this point in the year in the past seven years, reflecting slowing demand.
  • New listings are the second highest in seven years, further adding to supply.
  • Days on market are at their highest in six years, and pending sales are at their second lowest.
  • Sale-to-list price ratio is at 98.1%, tied with 2019 and 2024, indicating more negotiation and less bidding above asking price.
  • Price drops are at their highest in the past six years, reflecting increased pressure on sellers to adjust pricing.

Why Is This Happening?

The market is still digesting the effects of the pandemic boom. Many buyers who would have purchased homes in 2025 instead bought earlier, thanks to historically low interest rates and a flexible work-from-home environment. This “pull forward” in demand has resulted in slower sales today, combined with a return to more normal inventory levels.

What’s Next for Knoxville Real Estate?

Despite the current moderation, Knoxville remains a market to watch. According to Zillow, the city ranks number four among the top 15 U.S. metros expected to see the largest home price increases between September 2025 and September 2026, with a forecasted 5% gain. Move Buddha’s Moving Forecast also names Knoxville as the most popular city to move to in 2026, with a high in-to-out migration ratio.

Final Thoughts

The October 2025 Knoxville and East Tennessee housing market update clearly shows a shift toward balance. Inventory is up, prices are moderating, and homes are taking longer to sell. Buyers now have more leverage and negotiating power, while sellers must adjust expectations and price competitively to succeed in this new environment.

If you’re thinking about buying or selling a home in Knoxville or East Tennessee, now is the time to work with a knowledgeable real estate professional who can help you navigate these changing market conditions.

For more updates or to get advice tailored to your situation, don’t hesitate to reach out!

Ready to make your next move in Knoxville or East Tennessee? Contact us today for personalized guidance and market insights.

East Tennessee & Knoxville Housing Market Update SEPTEMBER 2025: Prices, Trends, and Buyer-Seller Insights

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Are you a homeowner, buyer, or seller looking to understand the latest trends in the East Tennessee and Knoxville housing market? As we approach the end of 2025, market conditions have shifted, interest rates are making waves, and submarkets like Farragut, Lenoir City, and Tellico Village are showing unique patterns. Here’s everything you need to know to navigate the Knoxville real estate market this fall.

Knoxville Housing Market 2025: Cooling but Not Crashing

After years of rapid price growth and frenzied bidding, the Knoxville housing market in 2025 is undergoing a noticeable transformation. Inventory has surged by over a third compared to last year, and homes are staying on the market longer—almost double the days compared to 2024. Sales volume is down nearly 8% year-over-year, and the median home price is now essentially flat, even dipping slightly in some neighborhoods.

Key Takeaway for Home Sellers:
Knoxville sellers must be strategic with pricing and flexible on concessions, as buyers have more options and are no longer rushing to make offers.

East Tennessee Real Estate: A More Resilient Picture

While Knoxville proper is feeling the pinch, East Tennessee’s real estate market as a whole remains resilient. Median prices are up 2-3% year-over-year, and pending sales have benefited from a temporary dip in mortgage rates this fall. Outlying areas such as Lenoir City, Loudon County, and Roane County are seeing steady or even rising demand, absorbing much of the new inventory and maintaining price growth.

Key Takeaway for Buyers:
If you’re priced out of Knoxville, expanding your search to the broader East Tennessee market—especially growing towns and counties—can offer better value and more affordable monthly payments.

Why Outlying Areas Are Booming: Affordability Shifts Demand

One of the biggest trends of 2025 is that outlying communities are capturing buyers who might otherwise have purchased in Knoxville. As the city’s median price outpaces regional averages, many buyers are looking to suburbs and nearby towns for better deals.

  • Farragut: With its top-rated schools and amenities, Farragut remains in demand. However, rising prices and inventory mean homes are staying on the market longer despite a 30% jump in pending sales after the recent rate drop.
  • Lenoir City: This value-driven hotspot is attracting buyers with newer homes and reasonable commutes to Knoxville. Inventory is up, but homes are selling quickly, making for a competitive market.
  • Tellico Village: Known for its active-adult community and lakefront living, Tellico Village is experiencing a surge in inventory and a dip in median sale price, giving buyers more choices and negotiating power—especially for homes needing updates.

Key Takeaway for Investors:
Strong demand in Lenoir City and Farragut, as well as lifestyle-driven buyers in Tellico Village, make these submarkets worth watching for potential appreciation and rental opportunities.

The Role of Mortgage Interest Rates

Mortgage rates have been the wild card in the Knoxville and East Tennessee housing market. Earlier this fall, rates dipped briefly to just over 6%, sparking a surge in pending sales. However, any further increases could dampen both buyer demand and price growth, particularly in Knoxville, where affordability is stretched.

Key Takeaway for Buyers & Sellers:
Watch interest rates closely—lower rates could mean more competition and firmer prices, while higher rates might extend days on market and open the door to negotiation.

Knoxville Real Estate Forecast Through 2026

Looking ahead, the consensus among local experts is that the Knoxville real estate market will continue to normalize. Expect prices to remain flat or post only modest gains, with some neighborhoods possibly seeing slight declines. The broader East Tennessee market, however, is expected to show more resilience, especially in growth corridors and popular commuter towns.

Tips for Success:

  • Buyers: Expand your search radius to include outlying areas for more options and better deals.
  • Sellers: Be realistic about pricing, and consider offering concessions or updates to attract buyers.
  • Homeowners: If you’re not in a rush to move, waiting for rates to drop could bring more favorable selling conditions.

Final Thoughts: Navigating the East Tennessee & Knoxville Housing Market

Whether you’re buying, selling, or simply monitoring property values, staying informed about local trends is essential in a shifting market. Knoxville is correcting faster than the region, but East Tennessee remains a strong bet for homeowners and investors. Keep an eye on interest rates and be ready to act quickly when the right opportunity arises.

Ready to make your move?
For the latest Knoxville and East Tennessee market updates, tips for home buyers and sellers, and expert real estate advice, subscribe to our newsletter or contact us today!

East Tennessee housing market September 2025
Knoxville housing market September 2025
East Tennessee counties housing market September 2025
Farragut TN housing market September 2025
Lenoir City TN housing market September 2025
Tellico Village housing market September 2025

East Tennessee & Knoxville Housing Market Update – August 2025

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Are you curious about the current real estate trends in Knoxville and East Tennessee? Whether you’re considering buying, selling, or investing, understanding the latest market shifts is essential for making the right move. Here’s a comprehensive, data-driven look at the August 2025 housing market update for East Tennessee and Knoxville, including prices, inventory, and expert insights.

East Tennessee & Knoxville Single-Family Housing Market Report – August 2025

Economic & Market Context (Applies to Both Markets)

  • Mortgage rates have dropped to the low 6% range (~6.29%), improving affordability and monthly payments for buyers.
  • Labor market data is a growing concern: National job growth over the past year was revised sharply lower, with only 22,000 jobs added in August and significant downward revisions in sectors like leisure, hospitality, retail, and business services.
  • Buyer confidence is mixed—improved by rate relief but tempered by employment insecurity.
  • Inventory is elevated across markets, providing buyers with more choices and reducing urgency.
  • Days on market and absorption rates are increasing, signaling a slower pace of sales and movement toward a more balanced or slightly buyer-leaning market.
  • Negotiability is up: Sale-to-list ratios are lower, and price reductions/concessions are more common.
  • Lending standards may tighten further due to economic uncertainty, limiting access for marginal buyers.

Supply, Demand & Pricing Dynamics (Shared Trends)

  • Active inventory is high vs. last year, keeping upward pressure off prices and giving buyers leverage.
  • New listings remain steady, showing seller engagement, but not enough to create excess supply.
  • Median sale prices are flat to modestly up, while average sale prices have been buoyed by upper-tier transactions.
  • Absorption rates are trending higher YoY, indicating more choices and slower turnover.
  • Days on market for sold listings have increased substantially, especially for homes not priced to current conditions.
  • Sellers must be realistic on pricing and incentives; buyers can negotiate more assertively, especially on stale listings.

Knoxville vs. East Tennessee: Key Differences & Local Nuance

1. Inventory, Absorption & Market Speed

  • Knoxville
    • Absorption rate: 2.94 months (Aug 2025), up 34% YoY—still somewhat seller-leaning but moving toward balance.
    • Active listings: ~1,600, with steady but not excessive new supply.
    • Average Days on Market: 46 (+35% YoY); Median DOM: 22 (+83% YoY).
    • Market is slightly faster than the broader East Tennessee region (which has a 4.82 month absorption rate and longer DOM), but both are slowing.
  • East Tennessee (Region-Wide)
    • Absorption rate: 4.82 months (Aug 2025), up 27% YoY—close to balanced, potentially tipping buyer-friendly if demand softens.
    • Average DOM: 63 (+37% YoY); Median DOM: 29 (+45% YoY).
    • More pronounced inventory build and slower pace overall vs. Knoxville.

2. Pricing Trends

  • Knoxville
    • Median list price: $415,000 (down 7.4% YoY).
    • Average sale price: $512,654 (up 10.5% YoY).
    • Median sale price: $390,888 (up 1.5% YoY).
    • Pricing reflects a sharper correction in list prices, with average sale price buoyed by upper-tier deals, but most sellers see little real appreciation.
  • East Tennessee
    • Median list price: $440,000 (nearly flat YoY).
    • Average sale price: $471,398 (up 6.8% YoY).
    • Median sale price: $376,200 (up 3.1% YoY).
    • List prices haven’t corrected as much as Knoxville, but the pattern of average prices outpacing median is similar, reflecting strength at the top of the market.

3. Negotiation & Sale-to-List Ratios

  • Knoxville
    • Sale-to-list ratios: 95–97% (lower than last year), with frequent discounts needed to close.
    • Median sale prices are often below median list prices, showing persistent buyer leverage.
  • East Tennessee
    • Sale-to-list price ratio: ~95%, also down YoY.
    • Negotiability is common across the region; sellers of aging inventory must stay flexible.

4. Market Segmentation & Buyer Behavior

  • Knoxville
    • Entry-level and mid-market segments ($250k–$400k): Most sensitive to job market fears; these buyers benefit from rate relief but are often sidelined by economic uncertainty.
    • Upper-tier sales ($400k+): Drive the average price higher, but volume is limited.
    • Homes priced right and move-in ready move fastest; stale inventory is slow to clear.
  • East Tennessee
    • Similar segmentation: Entry and mid-market buyers are most impacted by job and lending trends.
    • Upper-tier strength is evident but less concentrated than in Knoxville.
    • Market is generally a bit slower and more diverse across submarkets.

5. Risks & Outliers

  • Knoxville
    • List price declines are more pronounced than region-wide, suggesting sellers are adjusting expectations faster, or a higher share of affordable product is coming to market.
    • Market is less exposed to deep softening than some rural/outlying counties, thanks to more diversified local demand.
  • East Tennessee
    • Outlying areas may see greater inventory buildup and longer marketing times, especially if job losses are concentrated in specific towns or industries.
    • Region is somewhat more vulnerable to further economic shocks, particularly outside major metros like Knoxville.

Strategic Guidance for Both Markets

For Buyers

  • Assess job security and financial stability first—don’t overextend.
  • Negotiate confidently on older or price-reduced listings.
  • Take advantage of lower rates, but ensure full pre-approval and keep contingencies in place.

For Sellers

  • Price to current market—not to last year’s peak.
  • Expect longer marketing times and be ready for strategic concessions (rate buydowns, closing credits).
  • Invest in property condition and presentation to stand out.

For Investors

  • Underwrite with conservative rent and absorption projections.
  • Favor stable neighborhoods and properties with strong rental demand.
  • Prepare for higher vacancies or longer lease-up periods.

Outlook: What to Watch Through Year-End 2025

  • Pending sales and mortgage applications: Early signals for shifts in demand.
  • Local job market trends: Especially important in entry-level and service sectors.
  • Inventory build and price reductions: Especially if list prices keep falling in Knoxville.
  • Market speed: Any further rise in DOM or absorption signals softening.

Conclusion

Both Knoxville and the broader East Tennessee region are experiencing a market in transition, balancing improved affordability against weaker labor market data and rising inventory.

  • Knoxville is adjusting more quickly on price and remains a touch more resilient due to diverse demand, but is not immune to broader economic headwinds.
  • East Tennessee as a whole is trending toward a balanced or slightly buyer-leaning market, with greater risk of softening in less urban submarkets.
  • Success for buyers, sellers, and investors in either market hinges on realism, flexibility, and close attention to both local and macroeconomic trends as the remainder of 2025 unfolds.

Looking for advice specific to your neighborhood or price point?
Contact us for a custom market report or subscribe for monthly updates on Knoxville and East Tennessee real estate!

Knoxville & East Tennessee Real Estate Market Update: What Buyers and Sellers Need to Know (June 2025)

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Knoxville & East Tennessee Real Estate Market Update: What Buyers and Sellers Need to Know (June 2025)

Are you thinking of buying or selling a home in Knoxville or the greater East Tennessee region? The local real estate market is always evolving, and the latest data through June 2025 brings some important trends you should know before making your next move.

Knoxville: Still a Seller’s Market, But Things Are Shifting

Knoxville continues to lead the region as one of the hottest real estate markets in East Tennessee. Homes here are selling faster and closer to list price than anywhere else in the region:

  • Median Sale Price: $420,000 (up 3.7% year-over-year)
  • Average Days on Market: 40 days (still historically low)
  • Sold-to-List Price Ratio: 97% (sellers are getting top dollar!)
  • Absorption Rate: 2.8 months (a healthy seller’s market)

What does this mean for sellers?
If you’re considering selling your Knoxville home, now is a great time. Well-priced, move-in ready homes are still seeing strong demand and quick sales. Inventory is rising slightly, but competition from buyers remains high. Pricing your home right and preparing it for showings can help you maximize your sale price.

What about buyers?
Knoxville buyers should be prepared to act quickly when the right property hits the market. With competition still robust, getting pre-approved and working with a local agent will help you move fast and negotiate effectively.

East Tennessee: Growing Inventory, More Choices for Buyers

The broader East Tennessee market is showing signs of cooling compared to its peak frenzy. This shift brings both opportunities and considerations for buyers and sellers:

  • Median Sale Price: $377,900 (up 0.8% year-over-year)
  • Average Days on Market: 60 days (up from 44 one year ago)
  • Absorption Rate: 4.6 months (moving toward a balanced market)
  • Average List Price: $611,146

For buyers:
There are more homes to choose from than last year, and sellers are more open to negotiation. This is the most buyer-friendly market we’ve seen in years, so if you’ve been waiting for less competitive conditions, now may be your opportunity.

For sellers:
It’s still a good time to sell, but patience and the right pricing strategy are essential. With more homes on the market, buyers have options—so making your home stand out is more important than ever. Staging, repairs, and a competitive price can help your home sell faster.

Knoxville vs. East Tennessee: Key Differences

  • Speed of Sale: Knoxville homes sell 20 days faster, on average, than the rest of East Tennessee.
  • Pricing Power: Knoxville sellers see higher median and average sale prices.
  • Market Balance: Knoxville remains a solid seller’s market, while East Tennessee is moving toward a more balanced market with more negotiating room for buyers.

Should You Buy or Sell Now?

If you’re a seller in Knoxville:
You can still take advantage of strong prices and fast sales—but don’t delay. Rising inventory means more competition is on the horizon.

If you’re a buyer in East Tennessee:
You finally have more choices and negotiating power. Take time to find the right home, but be ready to act when you find it.

Expert Local Help Makes the Difference

Whether you’re buying or selling, the right strategy is key in today’s market. Our team lives and works right here in East Tennessee and Knoxville—we know the neighborhoods, the trends, and how to get you the best results.

Thinking about making a move?
Contact us today for a free market analysis, a custom home search, or just to talk about your options in the Knoxville and East Tennessee real estate market.

Knoxville & East Tennessee Real Estate Market: Q3 2025 Predictions

1. Inventory Will Continue to Rise

  • East Tennessee: Expect further increases in active listings. Seasonal patterns and the current momentum suggest more homeowners will list, especially as those who delayed selling during spring jump in.
  • Knoxville: Inventory will grow but at a slower pace than the broader region. New construction and move-up sellers will add to choices, but demand will keep absorption rates relatively low.

What it means:
Buyers will enjoy more options, but sellers will face more competition.

2. Days on Market Will Edge Higher

  • East Tennessee: As inventory builds, average days on market (DOM) could reach 65–70 days by late Q3. Homes will take longer to sell, especially those that are overpriced or need work.
  • Knoxville: DOM will likely edge up but remain below 50 days, still a quick pace historically.

What it means:
Sellers must price competitively and present homes well to attract buyers. Buyers may have slightly more negotiating power.

3. Prices Will Stabilize or See Only Modest Gains

  • East Tennessee: Median sale prices are likely to plateau or increase only slightly. With more inventory and longer selling times, aggressive price growth is unlikely.
  • Knoxville: Sale prices may hold steady with a slight upward bias, driven by continued strong demand and limited supply of turnkey homes in desirable neighborhoods.

What it means:
Don’t expect dramatic price drops, but sellers should not anticipate bidding wars or big price jumps either.

4. Negotiation Will Increase—Especially Outside Knoxville

  • East Tennessee: Expect more price reductions and seller concessions (closing costs, repairs, rate buy-downs). Buyers can shop around and negotiate more assertively.
  • Knoxville: Some negotiation will return, but sellers of move-in-ready homes in top locations will still command strong offers.

5. Mortgage Rates & Affordability Remain Wildcards

  • If mortgage rates tick down, pent-up buyer demand could surge, especially in Knoxville, temporarily tightening the market.
  • If rates stay flat or rise, expect steady but not surging activity.

Bottom Line: Q3 2025 Outlook

  • Knoxville will remain a resilient market with strong demand, quick sales for well-priced homes, and stable prices.
  • East Tennessee as a region will trend more toward balance, with buyers gaining leverage, sellers facing more competition, and prices stabilizing.
  • Both markets will reward strategic buyers and sellers—those who prepare, price, and negotiate effectively.

Tips for Buyers & Sellers

  • Sellers: Price right from the start, invest in curb appeal, and be ready for negotiations.
  • Buyers: Take advantage of growing inventory, but move quickly on standout properties, especially in Knoxville.

Need personalized advice or want to know how your neighborhood will perform?
Contact our expert team for a custom analysis and stay ahead of the market this summer!

Knoxville & East Tennessee Real Estate SHIFT: May 2025 Market Update

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The East Tennessee real estate market is sending a clear signal: the frenetic, seller-dominated era is over. After years of intense competition, the data through May 2025 reveals a decisive shift towards a more balanced, traditional, and strategic market. For buyers, this means more options and renewed negotiating power. For sellers, it demands a new approach to pricing and presentation.

In our latest update, Troy Stavros of Cornerstone Realty Associates breaks down the critical numbers, trends, and forecasts for both the broader East Tennessee region and the Knoxville metropolitan hub. Here’s what you need to know.

The Big Picture: A Unified Shift to a Balanced Market

Across the region, the story is consistent. A surge in housing inventory, a slower sales pace, and moderating price growth have collectively tipped the scales. While the direction is the same, the velocity of this change differs, with the Knoxville market experiencing a more rapid and dramatic cooling-off period than its surrounding areas.

East Tennessee Housing Market: The Regional View (May 2025)

Looking at the entire East Tennessee area, the move towards balance is clear when comparing year-over-year data from May 2024 to May 2025:

  • Home Sales: Down 10.3%
  • Inventory of Homes: Up a significant 38.2%
  • Pending Sales: Up 13.9%
  • New Listings: Up 9.6%
  • Median Sales Price: Rose a modest 2.14% to $372,825
  • Absorption Rate: Increased to 4.43 months of inventory, placing the region firmly in a balanced market (traditionally 4-6 months).

A Closer Look: The Knoxville, TN Market (May 2025)

For properties with a Knoxville address, the trends are even more pronounced, signaling a faster correction:

  • Home Sales: Down 10.8%
  • Inventory of Homes: Skyrocketed by 57.5%
  • Pending Sales: Up 13.6%
  • New Listings: Up 11.8%
  • Median Sales Price: Rose 2.07% to $407,500
  • Absorption Rate: Increased to 2.63 months of inventory. While technically still a seller’s market, it’s heading towards balance at a much faster speed.

Knoxville vs. East Tennessee: A Tale of Two Markets

While both markets are cooling, Knoxville is doing so more dramatically.

  • Pace of Slowdown: Knoxville’s absorption rate grew by 51.15% year-over-year, far outpacing the regional increase of 35.89%. This shows the gap between inventory and sales is widening much more quickly in the city.
  • Days on Market: The median days on market in Knoxville surged by 71.43% (from 7 to 12 days), while the regional median saw a more moderate increase of 42.86% (from 14 to 20 days).
  • Seller Adjustments: Sellers in Knoxville are reacting more aggressively. The median list price in Knoxville fell by 5.37%, a much steeper drop than the regional decline of 0.69%, signaling intense competition.

Key Advice for Sellers in Today’s Market

The market no longer guarantees a quick, above-asking-price sale. Strategy and realism are your keys to success.

  1. Price Aggressively & Accurately: This is the single most important factor. With a 5.37% drop in the median list price in Knoxville, you are competing against sellers who are already adjusting downward. Price your home correctly from day one to avoid languishing on the market.
  2. Invest in Presentation: With surging inventory, your home must stand out. Professional photography, decluttering, and ensuring your home is in pristine, move-in-ready condition are no longer optional—they are essential.
  3. Be Patient & Prepared to Negotiate: The days of reviewing multiple offers in a single weekend are fading. Expect an average market time of around 60 days in the broader region. Be prepared for a sale to take weeks, not days, and expect to negotiate on price and terms.

A Window of Opportunity: Key Advice for Buyers

This is the most advantageous market for buyers in several years. You are in a position of strength.

  1. Take Your Time & Explore Options: The fear of missing out (FOMO) has subsided. The significant increase in inventory means you can be more deliberate, compare properties thoroughly, and avoid rushed decisions.
  2. Exercise Your Negotiating Power: The data confirms that sellers are more flexible. Don’t hesitate to submit offers below the list price and include important contingencies for inspections and financing. Pay close attention to a property’s “days on market”—a higher number often indicates a more motivated seller.
  3. Don’t Mistake a Balancing Market for a Crashing One: Prices are not in a freefall; they are still appreciating modestly. Waiting on the sidelines for a major price crash is a risky strategy that may not pay off. The real opportunity is the combination of more choice and reduced competition.

Looking Ahead: 6-Month Real Estate Forecast (June-December 2025)

The market normalization seen through May is expected to continue and solidify over the next six months.

  • Inventory Will Continue to Rise: Driven by new listings and longer selling times.
  • Price Growth Will Decelerate: Projections suggest modest annual price growth in the low single digits (2-3%).
  • Seller Concessions Will Become Commonplace: Expect to see more sellers offering to cover closing costs or reducing their asking price.
  • Mortgage Rates Remain the Biggest Variable: Most forecasts predict rates will hover in the mid-to-high 6% range. Any stabilization will help the market, but the era of ultra-low rates is firmly in the past.

Have Questions About Your Specific Situation?

Whether you’re considering selling your property or looking to buy a home in East Tennessee, navigating this shifting market requires expert guidance. Understanding the nuances of a specific neighborhood or price point is key to making a successful move.

If you have questions about this data or want to discuss your specific real estate goals, don’t hesitate to reach out.

This market update was provided by Troy Stavros with Cornerstone Realty Associates. For a personal consultation, please find our contact information below.

Contact me at 865-999-0925 or email Troy@865realestate.com

Your Dream Home Awaits in Tellico Village – 205 Inagehi Trace, Loudon, TN

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UNDER CONTRACT IN 4 DAYS! Welcome to 205 Inagehi Trace, a custom-built masterpiece in the highly sought-after Tellico Village community. Designed and crafted by Tyndale Construction, this home offers a seamless blend of modern luxury, thoughtful design, and resort-style living in the heart of East Tennessee.

Exquisite Custom Design

This 3-bedroom, 2-bath home is a showcase of exceptional craftsmanship and attention to detail:

  • Spa-Inspired Bathrooms: Enjoy no-step entry walk-in showers, custom shower systems, upgraded hardware, and luxurious marble countertops.
  • Chef’s Kitchen: A culinary dream with quartz countertops, a matching quartz backsplash, and a convenient pot filler above the stove. Premium stainless steel appliances with a 3-year warranty add peace of mind.
  • Open Concept Living: The oversized kitchen island overlooks a grand family room with soaring vaulted ceilings and a stunning floor-to-ceiling custom tile fireplace, perfect for hosting family and friends.

Unmatched Attention to Detail

Every inch of this home has been designed with both beauty and functionality in mind:

  • Oversized Butler’s Pantry & Laundry Room: Both spaces feature quartz countertops, offering elegance and practicality.
  • Energy-Efficient Features: Upgraded casement windows with noise-reducing glass and 2×6 exterior framing ensure superior insulation, strength, and tranquility.
  • Striking Curb Appeal: From the painted brick front to the elegant roof pitch, custom hardscape landscaping, and courtyard garage, this home is a true showstopper.

Outdoor Living at Its Best

Step out onto the 29-foot screened porch, where you’ll enjoy views of the beautifully landscaped flat backyard, lush with fresh sod and surrounded by privacy. The private cul-de-sac lot offers both seclusion and ample parking, with an oversized driveway perfect for entertaining guests.

Garage & Storage Solutions

The insulated 3-car garage was designed for convenience and versatility:

  • 8-foot garage doors and extra depth provide room for your boat, golf cart, or other toys.
  • EV-ready with an extra plug for electric vehicle charging.
  • A state-of-the-art WiFi camera system adds an extra layer of security.

Resort-Style Living in Tellico Village

Life in Tellico Village means access to world-class amenities just minutes from your front door:

  • Championship golf courses.
  • Pristine waters of Tellico Lake for boating, fishing, and water sports.
  • Fitness centers, hiking trails, and a vibrant social calendar with clubs and activities for every interest.
  • Nearby shopping, dining, and entertainment to complete the lifestyle.

Schedule Your Private Tour Today

Don’t miss this rare opportunity to own a true custom luxury home in one of Tennessee’s most desirable communities. Experience the perfect balance of elegant design, modern convenience, and resort-style living at 205 Inagehi Trace.

Start living your dream life in Tellico Village — schedule your tour today!

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