Ne Tenn. Home Sales On Track For Record Year

GRAY — The pace of home sales in Northeast Tennessee's housing market bounced back in the third quarter, putting it on track for another record year, according to a report released Tuesday by the Northeast Tennessee Association of Realtors. NETAR President Eric Kistner called third quarter gains modest but noteworthy. "They were only up by 11 sales compared to last year, but they were slightly higher every month while second quarter sales were lower each month," Kistner said in a news release. So far this year, 4,706 sales of previously owned, single-family homes have closed — 80 more than the first nine months of last year. NETAR reported the first half of the year saw some buyer fatigue driven by the protracted inventory shortage.