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Tri-Cities pending home sales down 6.2 percent - www.elizabethton.com

Summary by Elizabethton Star

Pending sales joined the jumbled January data report of a market struggling to find footing. New contracts posted a small gain from December but lagged last year’s performance. Consumer demand also declined, while active inventory continued increasing. Consumer demand has waned despite four weekly decreases in mortgage rates and increasing inventory. A decline in new listings in the affordable market ($100K to $250K) and a series of announcement…

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Elizabethton Star

Tri-Cities pending home sales down 6.2 percent - www.elizabethton.com

Pending sales joined the jumbled January data report of a market struggling to find footing. New contracts posted a small gain from December but lagged last year’s performance. Consumer demand also declined, while active inventory continued increasing. Consumer demand has waned despite four weekly decreases in mortgage rates and increasing inventory. A decline in new listings in the affordable market ($100K to $250K) and a series of announcement…

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Elizabethton Star broke the news in 3 days ago on Thursday, February 20, 2025.

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