Month: January 2026

(latest stats released were in Dec. regarding Nov. 2025 numbers)

Market Summary:

“As we review 2025 and look ahead to 2026, the East Tennessee real estate market continues to recover. The market has stabilized nationally and locally, and the years of skyrocketing home prices are behind us. Continued interest in the East Tennessee region, stable assessments and a strong sale-to-list-price ratio indicate that local home values will hold up in 2026.

Single-family home sales this fall have been especially reactive to mortgage rates, and as of this writing the weekly average 30-year fixed rate has reached a 2 month low of 6.18%.”

• East Tennessee home sales rose 2.6% from November 2024.
• The median sale price was $365,000 — down 2.6% from the previous year.
• Total housing inventory has increased 16.2% from the previous year.
• Half of the homes sold were under contract in 35 days or less, up from 21 days a year ago.
• 38.7% of homes sold for the asking price or above, with 16.8% selling for more than the asking price. 5.7% sold for at least $10,000 over asking and 2.7% sold for at least $25,000 over asking price.
• The sale-to-list price ratio held steady at 98.5% – up from 96.8% a year ago.
• New construction rose to 13.6% of total home sales.

Happy New Year & Exciting Updates 🎊 Dear Friends and Clients Happy New Year! I hope you all had a joyful holiday season and are feeling refreshed for a wonderful 2026 ahead. I’m excited to share some big news with you as we step into the new year: I’ve transitioned to a new real estate brokerage, Realty Executives Associates! This move allows me to offer even greater service, resources, and tools to support your real estate goals, whether you’re looking to buy, sell, invest, or simply stay informed about the market. I remain fully committed to serving you with the same integrity, responsiveness, and care you’ve come to expect. Please update your records with my new contact information: Email: lara@laraconrad.com  Phone: 865-635-6544 I’m here to help with anything you need, from neighborhood insights to timing your next move, and I’m truly grateful for your trust and referrals.

Knoxville Area Market Snapshot (End of 2025) Here’s a look at how the local market is shaping up as we head into 2026:  Home Values & Prices: Knoxville’s average home value is around $363,000, and typical homes are going under contract in under a month, showing continued demand in our area.  Zillow While some data reflects slight year-over-year price shifts, the broader trend is steady and balanced with opportunities for both buyers and sellers. Redfin  Inventory & Days on Market: Inventory has expanded compared with the low levels seen earlier in the decade, giving buyers more choices while still keeping the market active for sellers.  Norada Real Estate Homes in Knoxville still tend to sell relatively quickly, highlighting ongoing interest in East Tennessee living.  Realtor Market Trends: Analysts forecast modest growth in 2025–26, suggesting a balanced market where informed buyers and sellers can both find success. Knoxville Chamber® Whether you’re planning a move soon or just curious about how these trends may affect your home’s value, I’d love to provide a personalized update anytime.

Thank you again for your continued support and friendship. I’m honored to be your trusted local real estate advisor, and I look forward to serving you with excellence in 2026 and beyond! Wishing you health, happiness, and prosperity this year. Warm regards, Lara Conrad, REALTOR®, Broker Realty Executives Associates  Office: 124 N Winston Road, Knoxville, TN 37919  Office Phone: 865-588-3232  Mobile: 865-635-6544  Email: lara@laraconrad.com