How's the Real Estate Market?

This Week... May 27, 2013 Just Listed Knoxville.......National and County-wide news sources are slow and do not accurately represent what is happening in our local market. It's important to stay informed about conditions impacting your local neighborhood!

I hope you find it useful. These market reports are updated weekly so you can be "ahead of the curve" as to the direction the housing market is headed.

This Week. The median list price in KNOXVILLE, TN this week is $175,000.

Inventory and days-on-market are both trending higher recently.
However, the improving Market Action Index implies some
increased demand will temper the negative trends.

Supply and Demand
Market Action Index as of May 24 2013 at 26.38. The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Price
Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend. There are about 3,160 properties on the market in Knoxville as of May 24 2013

Steve Albin gives no-nonsense real estate advice to buyers and sellers most pressing questions. "Steve Albin is a Tennessee Real Estate Broker" and a "Certified Residential Specialists" The highest compliment for me, is for you to share this content with everyone you know who might benefit from the information. Thank you! 


All the market trend charts on this page are 'live'. Bookmark this page to watch the market change each week. Want more details? Subscribe to my Real-Time Market Report. It's all about what's going on right now and it's free! KNOXVILLE Real Estate Market http://justlistedknoxville.com/TRENDS/

Real-Time Real Estate Market Data from Altos Research LLC

Real-Time Real Estate Market Data from Altos Research LLC:

NO upfront COST, FEE OR CHARGE to you!

Q. I just spoke with a real estate agent - and they wanted to charged to me $300+ as fee to just show me the house.... should I find another real estate agent .... Connie C. Knoxville Tn.

A. As profit margins continued to shrink for real estate companies, with gas prices rising, wear and tear and the time cost of the agent, "Some brokerage managers have instructed their sales agents to require buyer's to pay upfront fee from $195 to as high as $995"

Commonly, the brokerage managers reason for making this a separate fee is so that it will not be subject to the commission “split” due the agent and to sell there own listings with a higher commission to the agent being paid on company listings.

We NEVER charge any upfront fees for our services. There is NO upfront COST, FEE OR CHARGE to you! You See all the properties From Every REALTOR From Every Real Estate Company on the MLS.


Great People With Morals And Ethics" The personal attention to detail and enthusiasm made us feel that you enjoyed doing it and you weren't just doing a job. Debbie S. Knoxville Tn.
You are good people with morals and ethics which are hard to find. We are so glad to have found your great team. Anderson J. Knoxville Tn.

You are good people with morals and ethics which are hard to find. We are so glad to have found your great team. Anderson J. Knoxville Tn.

WE'RE Your Number 1 REALTOR of Choice..... Let’s go shopping for your Knoxville area home! http://justlistedknoxville.com/

LESS Cash at closing a Lot less CASH.

 JUST RIGHT LESS Cash at closing a Lot less CASH...... We work to obtain the best price, known incentives like the Extended Benefits of Home Buyer Credit with "Buyer Credit". Cash Back Buyer Credit Up to $10,000* or more when part of an accepted offer." Buyers Bring Less to Closing, There is No IRS tax forms, No income limits, No previous ownership limits, No deadline for a closing. Example of sold properties by purchased our buyers.

Yes, It’s like putting money in your pocket, Up to $10,000* of your mortgage cost such as Mortgage Origination fees, Mortgage Discount Points, Home Insurance and Tax Escrow fees, Deed Recording Fees, Document Fees, Home Warranty. Lower Your costs… Some buyers maybe short the cash they need for the down payment and closing costs. One way to overcome this cash shortage is for the seller to pay a portion of the closing costs. http://justlistedknoxville.com/JustRight/