Tri-Cities Real Estate Market Update | April 2021

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The real estate market in the Tri-Cities has never been stronger. With the availability of homes still at historic lows, home-sellers have a great opportunity to take advantage of the higher demand. Every metro area in the Tri-Cities – Johnson City, Kingsport, and Bristol, TN/VA – saw an increase in residential home prices of anywhere from $19,000 to almost $40,000 last month. Most notably, Kingsport, TN, had the biggest increase, with the average residential home selling for $38,638 over April of 2020. Prices aren’t the only metric seeing increases: the total number of homes sold in April increased, while the total amount of time on the market decreased significantly. Read more below to found out more.

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