| Market Commentary Provided by Mary Anne Farmen ABR CRS GRI SRES Northeast Tennessee continues to buck the national trend because average home prices continue to appreciate here. Most out-of-state people notice the great value they get for their home dollars and they like the low property taxes as well as other low state and local taxes. Superior health care, school systems, recreational opportunities, and many big city amenities are other great advantages to living here. |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL
Mary Anne Farmen ABR CRS GRI SRES
REALTY WORLD Tri-Cities Metro Kingsport, Tennessee 423-367-0536 mafarmen@agents.househunt.com Agent Home Page |
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| Nearest Metro Area | |||||
| Buyers’ or Sellers’ Market | Equal buyers and sellers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | No Change | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $150,000 - View Graph Trend | ||||
| Best Selling Price Range | |||||
| Worst Selling Price Range | |||||
| Compared to Last Year | Up 0-5% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Kingsport is | |||||
| Seller Activity for the past 90 days in Kingsport is | |||||
| Is Financing Available For Qualified Buyers in Kingsport? | |||||
| Existing Home Prices for the past 90 days are | |||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |||||
| Housing Hot Spots | Johnson City and Kingsport | ||||
| Reason to Buy/Sell | Job Growth | ||||
| Average Sold Price | $150,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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