Tri-Cities Real Estate Market Update | November 2020

neighborhood, communities, aerial, tri cities, real estate market

Temperatures may be dropping, but the Tri-Cities real estate market is still hot. The month of November saw the supply of homes drop to a historic low of 2.1 months of available homes on the market. For most of 2020, there has been a home shortage which has caused home prices to increase dramatically and homes to go under contract and remain on the market for very short periods of time. Bristol, TN saw a $60,000 increase in the average homes prices in November compared to November in 2019. Kingsport, TN had the most home growth last month, with almost 1,500 homes sold YTD and an increase of over 100 MTD.

market update, market report, infographic, real estate market, red door agency

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