Condo Market Activity in Knoxville, TN
Posted by LaVance on August 15th, 2007
National news is creating a trickle down effect in Knoxville. Agents are seeing a decrease in buyers and an increase in listings. New construction in higher priced units is dragging while moderately priced developments are slowing but steady. The expected summer bounce has not happened and units are staying on the market longer. While builders have offered some incentives-closing costs paid or flat screen TV’s, individual sellers are holding their prices and not always seeing the reality of the market. Reators are hoping for a fall upswing!
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