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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: January 2018

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These are average home sales prices from January 2017 over January 2018

These are average home sales prices from January 2017 over January 2018

Deep Thoughts

  • 2018 is starting off as a steady seller's market, but nothing is jumping off the charts just yet.   
  • Inventory was the story in 2017, but pricing may become the story of 2018, with the average sales price of a 3 BR home up 
  • Rates are rising slightly, but not alarmingly. Clam down. 
  • Multiple offers, backup offers, crazy offers: it's still the wild west out there, folks. 
  • Sellers still seem hesitant to jump in on this bizness, but I'm hoping that will change in the coming month, as Spring Selling Season is almost upon us. 
  • This is the first year in a while that I have ABSOLUTELY NO IDEA what to expect. Just stay tuned and let's enjoy the ride together, yes? Yes. 

 *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: 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: 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: 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: August 2015

Knoxville Home Sales Report: August 2015

Hey, hey, hey, it's Fall, y'all! And before you get your pumpkin spice EVERYTHING (I know, too late), we have to reach back into the very last part of the summer to see what the Knoxville housing market was doing.  How do we do that? By looking at the Knoxville Area Assoicatin of Realtors (pumpkin spice latte up for KAAR!) Home Sales Report numbers. Let's put on a hoodie and do this thing!

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Knoxville Home Sales Report: April 2015

Knoxville Home Sales Report: April 2015

Had you guys given up hope that I would ever post the April Home Sales numbers? Well, don't stop believin', you guys, because I would never let us go our separate ways without dropping this science from the Knoxville Agent Association of Realtors (album name, KAAR) April Home Sales numbers into your open arms! Let's go on a real estate "journey" of sorts," shall we?

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