Three Rivers Realty, Knoxville TN

06/02/2026

Love always wins. 💙

05/30/2026

What's the outlook?

After a slow March, April resembled the typical busy spring housing season in East Tennessee. Sales jumped nearly 9% over April 2025 as sellers added fresh inventory. Buyers appear to be less sensitive to mortgage rate movements after enduring several months of weekly ups and downs. Encouragingly, pending sales were also up nearly 20% over last year.

For the second month in a row, the median home sale price has been lower than 2025 despite the increased sales activity; the nearly six-year streak of rapid price appreciation appears to be over.

Contrary to recent news articles, East Tennessee homes are not "overpriced." The list-to-sale ratio remains steady at 98.7%, and nearly half of homes sold at or above the list price in April.

Thankfully, the continued demand and slow pace of easing growth has created an ideal scenario. Rather than a sharp correction from post-pandemic price highs, premiums are slowly easing while the underlying value of the homes holds up well. This is good news for homeowners, buyers and sellers alike, and for our regional economic health.

However, this doesn't mean homes have become affordable to most residents. Inventory is still a constraint, remaining tight in the mid-to-lower price tiers where demand is fiercest and potential buyers are value conscious. Many of the single-family listings being added this spring are in the "luxury" range; in April, 16% of all new listings were priced over $1 million.

Consider that the annual median household income in our region is approximately $75,000, meaning that family might comfortably afford a $275,000 home.* In April, East Tennessee only added 629 listings priced at or under $275,000. By contrast, the market added 2,610 listings priced above $275,000.

As the East Tennessee market continues to recover and shows healthy indicators of growing sales, performance will vary widely depending on price range, location and availability of inventory.

*Assuming 30% of gross monthly income allocated to housing costs , 5% down payment, 6.6% 30-yr FRM, includes property tax and home insurance.

05/30/2026

Our association's Q1 agent survey summary is in, and it perfectly reflects the exact market trends we are seeing at Three Rivers Realty.

Market Pulse Survey reports cautious housing optimism.

The Q1 2026 results are in, and East Tennessee REALTORS® members are beginning to see improvement after several tough years of home sales.

▶️Buyers and market traffic were especially optimistic at the beginning of the year compared to prior years, and sellers are jumping in with the expectation of a busy spring season.

▶️79% of respondents expect home sales to stay the same or increase this year over last year, and 83% closed a sale before April.
98.5% of sold homes appraised at or above the sale price.
▶️More than half of respondents said their last buyer was renting prior to this purchase, in contrast to last year where most buyers were previous homeowners.
▶️60% of reported transactions were residents moving within their own county, in contrast to last year when most were arriving from another state.
▶️Many members commented that pricing is more important than ever, and buyers have high expectations.
▶️While movement is up, there are also several concerns that members share about consumer hesitancy, and buyers continuing to be more selective than ever.

05/25/2026

05/21/2026

One family, four amazing human beings, one adorable house and a whole lot of love. This is the end of this chapter but the beginning of what comes next. Join us in sending this family all the love as they step into what’s next and all the adventure and beauty of what lies before them. Real estate happens when life changes. We are honored this beautiful family chose us to guide them through. 💙💙💙

05/09/2026

Magnus had a urinary blockage and the owners had paid over $3,000 for his care in just a few weeks and had run out of funds. Wes Lambert Foundation was contacted and we were able to pay the balance of $800.00 so that Magnus could receive the additional care needed.

05/08/2026

A home is so much more than just four walls and a roof. It’s where your morning coffee tastes better, where you host your favorite people for dinner, and where you finally exhale at the end of a long day. It isn't just an address. It's the backdrop for your life's best moments. Whether you’re dreaming of waking up to the sun on the river or finding peace in the quiet of the country, our team at Three Rivers Realty is here to help you find that perfect spot in Tennessee to start your next chapter. We are so honored to help people find their perfect place to land in this beautiful real estate market. 🏠We’d love for you to take a look at these three stunning homes for sale.

Which one speaks to your heart?💙
✨ The Waterfront Escape - $575,000
✨ The Traditional Neighborhood Favorite - $359,000
✨ The Peaceful Country Retreat - $320,000

If you're ready to find where you belong, we're here to guide you every step of the way. Send us a message or call our listing agents today for a private tour of these Tennessee homes.

05/06/2026

There’s something special about a house that just feels like home the moment you see it. 🏡 This one hit the market and we think it’s exactly that. If you or someone you know is ready, Angelia Kelley would love to help make it happen.
📞 865-388-7367
MLS #1339110
Three Rivers Realty
(865) 307-0357