Home Sales Report

Knoxville Home Sales Report: May 2018

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Deep Thoughts

  • It's a sellers market.  Remember when we thought that would never happen again? #neverforget
  • Inventory is still at record lows and sales are still at record high, making it a race to get to the next new listing. 
  • The Fed just raised rates by a quarter point and the rumor is that the THDA $15,000 money could run out at any moment. We will see in June and July if those two factors affect this crazy market. 
  • Prices are way up across the board once again, meaning a lot of these listings are selling for at or over list price.   
  • Appraisals are starting to catch up with the market value wise, which is giving agents a chance to breathe a little. Just a little. 
  • Yes, the market is hot. Yes, Knoxville is growing. And yes, bubbles have burst before. The question is: is this a bubble or is this solid ground. Stay tuned...

 *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. 

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. 

Knoxville Home Sales Report: March 2018

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Deep Thoughts

  • It's still a strong sellers market. Don't worry, buyers, this too shall pass. 
  • I have 99 problems, and only 1 listing. Seriously, there are no listings and that's making a lot of problems.  
  • The Fed bumped rates, but are still pretty low. However, they are saying they are going to get more aggressive raising them as the year goes on. Like I said, buyers, this too, shall pass. 
  • Prices are up across the board: supply, demand. You know the drill. 
  • Appraisers haven't quite gotten the supply/demand memo, and even though the market will bear higher prices, some appraisers are saying no.
  • All I know at this point is to expect the unexpected and anything goes. Should be a pretty fun Spring!

 *All information provided by KAAR (Knoxville Area Association of Realtors). My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate. 

Knoxville Home Sales Report: February 2018

Knoxville Home Sales Report: February 2018

It's still cold outside, but the Spring Selling Season is upon us! Before we get excited about spring sales numbers, we still have to get in our Way Back Machine and take a look at what was happening in the greater Knoxville area in the recently released February 2018 home sales numbers from the Knoxville Area Association of Realtors (the kids call it KAAR). To the charts!

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Knoxville Home Sales Report: Year End 2017

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2017 Year End Deep Thoughts

  • It was the best of times...well, at least for sellers.  
  • Inventory was the story in 2017, as there really wasn't much of it. 
  • Rates stayed low throughout 2017, but we're already seeing some bumps in them in 2018. 
  • Anything went in 2017: multiple offers, homes selling before they ever went on the market, sellers refusing to do repairs, buyers crying when they couldn't find anywhere to live. 
  • Lower price ranges benefited the most from this bonanza, but some micro-markets were on fire in 2017 (I'm looking at you downtown/Parkridge). 
  • 2017 was one of the craziest markets I've ever lived through. Don't take that as a challenge, 2018. 

 *All information provided by KAAR (Knoxville Area Association of Realtors). My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate. 

Knoxville Home Sales Report: September & October 2017

Knoxville Home Sales Report: September & October 2017

It's beginning to look a lot like...Christmas? How did that happen? Well, it's almost the end of the year, but we still have a lot of 2017 home sales news coming up. Today, let's get in the Way Back Machine and look at the September and October numbers while we wait for the November numbers to come out. To the charts!

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Knoxville Home Sales Report: July & August 2017

Knoxville Home Sales Report: July & August 2017

I literally can't even, you guys. First, it's almost August and it's 90 degrees outside (more or less). Second, these home sales numbers from the Knoxville Area Association of Realtors are INSANE IN THE MEMBRANE. Yes, they literally make me feel as though I do not, in fact, I have a brain. They are that hard to fathom. Don't believe me? Check the charts:

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Knoxville Home Sales Report: June 2017

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Deep Thoughts

  • Sales were literally almost off the chart in June. I'm going to need a bigger chart. 
  • Inventory was only slightly down month over month and active listings are flat, so homeowners definitely started listing their homes again in June, which is a good thing. 
  • Rates are still under 4% and THDA money is still available in several Knoxville area zip codes (37914, 37917, 37912, 37921, among others).
  • Multiple offers are the new black, and they are causing prices to go up.
  • Speaking of prices, they are way up all the way across the board, sometimes astonishingly so. I don't want to be "that agent," but with sales and prices skyrocketing up, I can't help but think that what comes up must go down...
  • Am I the only one on the edge of my seat about how the second half of this year is going to pan out? Will sales and prices keep going up? Will rates stay down? Will we finally find out who shot J.R.? Stay tuned! 

All information provided by KAAR (Knoxville Area Association of Realtors). My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate. 

Knoxville Home Sales Report: May 2017

It's officially summer and the home sales are hot! That's right, the May Homes Sales Report numbers from the Knoxville Area Association of Realtors (my people call it KAAR) are here and the lines on those charts are interesting indeed. Want to see how the greater Knoxville area is besting national real estate trends? Let's go!

What's Hot

  • Sales : Holy dotted line, Batman! Those sales are busting out of the chart!
  • Prices: Up, up, and away! Prices are still on the rise. 
  • Appraisals: Keep the nerve pills coming: prices are rising faster than is normal and appraisers aren't always having it. 
  • Rates: Still under 5% for now, but the Fed is gonna do what the Fed is gonna do. 
  • THDA Grant Money: Still out there, still waiting for you first time buyers. 
  • Impulse Buying: Get it before it's gone.  

What's Not

  • Inventory: Again, keep the nerve pills coming. We are currently under a 4 month supply of housing stock. 
  • Affordable housing stock: OK, maybe I should switch to chamomile tea. It's hard to find, y'all. 
  • Overpricing: It's happening and it's not pretty. 
  • Waiting to list/make an offer: The time is now. Strike while the iron is hot!

Deep Thoughts

  • National sales may be up 1.1% month over month, but sales in the Greater Knoxville area were up 23% (twenty three percent). Talk about holy guacamole, that's a lot of avocados!
  • However...inventory in the greater Knoxville area was down 19% month over month vs. the national average of 8.4%. Again I say, sales can't keep going up with inventory going down even faster. Oh, June, you will be interesting, won't you?
  • Speaking of low inventory... Yes, it's a seller's market. Yes, home prices are up. No, homes will STILL not sell at irrational prices because of those factors. Trust me. There are homes sitting on the market because of pricing. 
  • We're in uncharted waters, you guys. And from the looks of these charts, we might need a bigger boat by July. 

All information provided by KAAR (Knoxville Area Association of Realtors). My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate. 

Knoxville Home Sales Report: April 2017

Knoxville Home Sales Report: April 2017

We're almost halfway through the year, but the April home sales numbers are just now out for us to take a gander at, and boy howdy, do they tell a mighty interesting story! Let's all gather round Grandma Trotta while she tells the tale of the KAAR Greater Knoxville Area home sales numbers from April 2017!

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Knoxville Home Sales Report: Janurary 2017

Knoxville Home Sales Report: Janurary 2017

Nothing cooled down this winter, including the Greater Knoxville Area real estate market. The year ended on a great note in December, but let's take a look at how we're starting off 2017! Please to enjoy the following beautiful charts with data from the Knoxville Area Association of Realtors (nom de plume, KAAR). To the charts!

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Knoxville Home Sales Report: September, October, & November 2016

Knoxville Home Sales Report: September, October, & November 2016

Hey, girl, hey! Hey. Yeah, so... I'm a little behind on this here home sales stuff. And yeah, I'm kind of embarrassed about it. But the good news is this: I'm gonna catch you up in a jiffy! First let's take a look at the charts (with info courtesy of the Knoxville Area Association of Realtors, secret service code name, "KAAR." Ready? Set. Go!

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Knoxville Home Sales Report: June 2016

Knoxville Home Sales Report: June 2016

It's almost time to go back to school, but that doesn't mean that I'm finished schooling you on the Summer Selling Season. We're almost through July, so that means the June numbers are out, and they are HOT. How hot? Well, join me as we explore the Knoxville Home Sales Report numbers from the Knoxville Area Association of Realtors (aka KAAR), won't you?

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Knoxville Home Sales Report: April and May 2016

Knoxville Home Sales Report: April and May 2016

Whew, lawd! I'm not entirely sure what happened to the last two months, because all I've been doing is slingin' houses down in the real estate mine. And let me tell you, that mine is drying up, folks (can a mine dry up, I'm going to say yes). So to get caught up, let's cut the jibber jabber and take a jaunt through the April & May home sales numbers from the Knoxville Area Association of Realtors (miner nickname, KAAR). To the charts!

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Knoxville Home Sales Report: March 2016

Knoxville Home Sales Report: March 2016

I never meant to cause you any sorrow. I never meant to cause any pain. I wanted one time was to see you laughing. I only want to see you laughing about the dotted purple line on these charts for the March 2016 Home Sales Numbers from the Knoxville Area Association of Realtors (the real estate board formerly known as KAAR). 

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Knoxville Home Sales Report: January 2016

Knoxville Home Sales Report: January 2016

Hellooooo, 2016! My, you're looking fine! Inventory's low, sales are....well, you need to take a look a these charts for yourself and then read the breakdown of the Knoxville Area Association of Realtors (the artist formerly known as KAAR) January 2016 sales numbers for the greater Knoxville area.  Go!

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Knoxville Home Sales Report: October 2015

Knoxville Home Sales Report: October 2015

Chirstmas is coming, but it's just now time to see what swag we got in our pillow cases back in October. Tricks or treats? Well, since Santa is almost here, let's dig into a short and sweet version of the Knoxville Home Sales Report breakddown and find out!

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