The Knoxville market is doing pretty well when you compare it to national averages and even to other Tennessee cities. From an article by Josh Flory in yesterday's KNS:
But while the local real estate market has been sluggish, there's no doubt that East Tennessee has been spared from the worst of the pain. According to data from the National Association of Realtors, the median sale price of existing single-family homes in Knoxville fell by 2.7 percent in the first quarter, compared to a national drop of 7.7 percent. Knoxville also outperformed Volunteer State peers like Memphis, where prices were off by 18.5 percent, and Chattanooga, where prices were down by 3.4 percent.It may not be great news, but I'll still take it.
0 comments:
Post a Comment