Holding Steady: East Tennessee’s Fall Housing Story
While national headlines continue to speculate about housing slowdowns, East Tennessee’s story looks refreshingly steady. The latest data from East Tennessee REALTORS’ September 2025 Market Pulse shows a market that’s not stalling — just normalizing in the best way.
Home sales were up 2.1% month-over-month and 7.4% higher than last August, showing that demand hasn’t disappeared. The median home price, around $376,200, continues to climb — roughly 3% higher year-over-year — even as buyers take a more measured approach.
That balance comes from a meaningful increase in choices. Inventory has grown more than 31% over the past year, giving buyers room to breathe and sellers more competition to navigate. Homes are taking slightly longer to go under contract — about 28 days on average, compared to 20 a year ago — but that’s not a slowdown so much as a return to normal rhythm.
Meanwhile, sellers are still in a good position. The sale-to-list price ratio sits at 98.6%, and nearly four out of ten homes are selling at or above asking price. Well-priced, well-prepared listings continue to move quickly — and new construction makes up roughly 12% of all home sales, a healthy sign of confidence in the region’s growth.
Mortgage rates hovering around 6.3% have also helped keep activity strong. Many buyers are adjusting expectations rather than stepping back — refining their wish lists, prioritizing value, and making thoughtful decisions.
In short, East Tennessee isn’t cooling off; it’s settling in. After several years of unpredictable swings, this steadier pace feels right. It gives homeowners confidence in their investment and offers buyers the chance to shop without panic.
As fall settles in, it’s easy to be grateful for that kind of balance. A steady market means stability for families, neighborhoods, and the local economy — the very things that make East Tennessee feel like home.
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