Tri-Cities Real Estate Market Update | October 2021

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The Tri-Cities’ real estate market has finally slowed for the first time all year. New home sales dropped month-over-month in Johnson City, and Bristol, TN and Virginia. The total number of residential home closings dropped 3.6% from last year. While the available inventory and time on market stayed roughly the same, this signals that homebuyers and sellers alike are waiting to make any moves until the holidays are over. However, those homes that are selling are still selling at a premium above market values. Check out the graph below for more information.

If you are still on the fence about selling your home and have questions about the process or how Red Door Agency is different from the competition, let us know! We pride ourselves on providing a unique and tailored approach to each and every one of our clients. Whether it’s your first time selling or your hundredth, we’ll come up with the perfect plan to sell your home.

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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