Tri-Cities Real Estate Market Update | July 2021

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As summer slowly draws to a close, the Tri-Cities real estate market seems to remain unchanged. While there has been a slight increase in the number of available homes on the market, this number (1.6 months) is still far below the market average. Additional new contracts have signaled that demand is still high for housing. Home prices continued to soar with the average home selling for over $221,000 in July – the highest amount so far this year. When it comes to the total number of properties being sold, Johnson City saw a surprising increase which brought it closer to the number one metro: Kingsport. July year-over-year statistics saw Kingsport and Bristol, TN with a decrease in the total number of homes being sold, while year-to-date numbers continue to see positive growth.

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About the Author

Vance moved back to the Tri-Cities from Nashville, TN in 2020 where he worked in sales development for a Silicon Valley technology start-up. Before this, Vance worked in retail management for over ten years.

While Vance has lived all over the country, he attended East Tennessee State University for his undergraduate degree in Integrated Marketing Communications. He graduated Magna Cum Laude and with special honors from the College of Business and Technology. Vance went on to pursue his Masters in Digital Marketing from ETSU while working for Target as a store manager in the Knoxville/Chattanooga/Nashville markets.

In his spare time, Vance enjoys traveling (12 countries and counting!), and loves spending time outdoors with his dog, Miles, hiking, biking, kayaking, and camping. He is also an avid motorcyclist and loves spending the weekends riding through the Blue Ridge and Great Smoky mountains.

With his background in sales and customer success, Vance is determined to redefine the customer journey of home buying and selling to ensure that Red Door and its agents are the region's destination for real estate.

Awards & Designations

Google Certified Professional: Analytics & AdWords