NET home prices up, sales down

NET home prices up, sales down

New home prices in the Tri-Cities are 3.8% higher than last year, and July sales are down 17.6%. There were 56 sales last month, and the median price was $365,588, according to the Northeast Tennessee Association of Realtors (NETAR). The average price rose even faster. It reached $403,651, up 3.9% from last year. The median marks the midpoint of all sales, where half sold for more and half for less. Where buyers bought The pullback did not hit e…