09/01/2026
🏡 EAST TENNESSEE MARKET UPDATE | JULY 2026
The market is still moving! Home sales across East Tennessee were up 10% compared to July 2025, while growing inventory is giving buyers a few more options. 📈
Here’s a look at the numbers:
🏠 Home Sales: UP 10% year-over-year
💰 Median Sale Price: $385,000 — UP 2.69%
🔑 Housing Inventory: UP 4.5% from last year
⏱️ Days to Contract: Half of homes sold were under contract in 28 days or less — 3 days longer than last year.
🔥 Are homes still selling over asking? Absolutely.
43% sold at asking price or higher, with 19.8% selling above asking.
• 8% sold for at least $10,000 over
• 2.5% sold for at least $25,000 over
📊 Sale-to-List Ratio: 98.8% — exactly the same as this time last year.
🔨 New Construction: Accounted for 12% of all sales, compared with 13% last year.
What does this mean for you?
More homes are selling, prices continue to edge upward, and inventory is improving—but homes are taking a little longer to secure a contract. For sellers, pricing and presentation matter. For buyers, increased inventory may mean more choices and a little more negotiating room.
Real estate is always local. If you're wondering what these numbers mean for your home, neighborhood, or next move, let's talk! 🏡🔑
