Knoxville Home Sales Report: April 2018

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Deep Thoughts

  • Is this a seller's market or the new normal? I'm seriously starting to wonder. 
  • Inventory continues to be issue number 1. Only homes with major condition or location issues are not going into multiple offer as soon as they hit the market. 
  • Rates are remaining steady under 5%, meaning it is most likely still cheaper to buy than rent (if you can find a house to buy(. 
  • Prices are up across the board again, which is no surprise with buyers competing over almost every single listing.   
  • Appraisals are still not a lot of fun and are causing agents and sellers to practice holding their breath. 
  • Again, I say, is this the new normal? With more and more people moving to Knoxville and with our attractions and infrastructure growing, we may be getting some big city real estate problems. 

 *All information provided by KAAR (Knoxville Area Association of Realtors) and is for the greater Knoxville area including Knox County and surrounding counties. My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate.