Market News

A collection of 125 posts

Market News

Chattanooga Home Prices Slip 3% as Listings Jump 25%

Newly released July 2026 MLS figures show Chattanooga active listings up 24.9% year over year, the median list price down 3.0% to $399,900 and days on market at 65.

Market News

Brentwood Sets Hearing on 76-Acre Crews Annexation

The Brentwood City Commission scheduled a public hearing on a proposed annexation as the 76-acre Crews subdivision moves toward a second and final reading.

Market News

Kingsport Rezoning Would Add 94 Apartments Off I-81

Kingsport's Board of Mayor and Aldermen took up a rezoning of 8.01 acres on Kendrick Creek Road near I-81 that would allow a 94-unit multi-family development.

Market News

Knoxville Home Prices and 20 New Townhomes in Cedar Bluff

Crews are prepping a two-acre site at Dutchtown and Bob Kirby roads in Cedar Bluff for 20 townhomes, per approved Knoxville-Knox County Planning documents.

Market News

Gatlinburg Property Tax Rate Cut to 6.91 Cents in New Budget

Gatlinburg approved the second of three readings of its $136.4 million FY 2026-2027 budget and gave final approval to a new certified property tax rate of 6.91 cents per $100 of assessed value.

Market News

Chattanooga Home Prices and the Aug. 11 City Council Housing Votes

The Chattanooga City Council's Aug. 11 agenda includes a Mercer Street planned unit development amendment and a rezoning for 94 homes at Tyner and Kirkman roads.

Market News

Williamson County Home Prices and Nightly I-65, I-840 Closures

TDOT started nightly lane closures on Interstate 65 and Interstate 840 in Williamson County on Aug. 9, with resurfacing work running through the end of 2026.

Market News

Bristol TN Home Prices and the 445-Home King College Road TIF

The Bristol Tennessee City Council approved a resolution supporting a tax increment financing amendment for a proposed 445-home development off King College Road.

Market News

Knox County Home Prices and the Aug. 13 Newcomb Lane Rezoning Vote

Knoxville-Knox County Planning staff has recommended denial of a Planned Residential rezoning near N. Campbell Station Road, citing road conditions, ahead of the Aug. 13 commission meeting.

Market News

Sevierville Home Prices and the 407 Resort Waterpark Approval

The Sevierville Planning Commission approved a site plan for a hotel, timeshare and indoor waterpark resort on Gateway Boulevard inside The 407: Gateway to Adventure development.

Market News

Red Bank Approves Three Zero-Lot-Line Rezonings as Chattanooga Prices Slip

Red Bank commissioners approved three rezonings from R-1 Residential to Residential Townhome Zero Lot Line, clearing the way for smaller homes on smaller lots.

Market News

Franklin Votes Aug. 11 on Four Subdivisions Totaling 415-Plus Units

Franklin's Board of Mayor and Aldermen holds public hearings Aug. 11 on four proposed residential developments, including a 230-unit project on Goose Creek Bypass.

Market News

Tri-Cities Data Center Rules: What Kingsport, Bristol and Johnson City Just Passed

Kingsport, Bristol, Jonesborough, Johnson City and Washington County have all adopted setbacks, noise caps or moratoriums to keep AI data centers away from neighborhoods.

Market News

Knoxville Home Prices as 144-Unit MAC on Fifth Breaks Ground

Crews broke ground Aug. 5 on MAC on Fifth, a five-story, 144-unit apartment and live-work project on the former MAC Auto Loans site at 200 W. Fifth Ave.

Market News

Pigeon Forge Home Prices and the 783-Unit Wears Valley Resort Approval

The Pigeon Forge Planning Commission gave preliminary approval this week to Misty Blue, a 175-acre resort on Wears Valley Road with 643 hotel and suite units plus 140 townhomes.

Market News

Chattanooga IDB Votes 6-1 to Issue Default Notice on The Bend's $115M TIF

Chattanooga's Industrial Development Board voted 6-1 to send a notice of default on the $115 million tax incentive agreement behind The Bend, giving the developer 60 days to answer questions about a possible transfer of control.

Market News

Brentwood Locks In 40% Green Space Rule for New Residential Development

Brentwood's City Commission unanimously approved its residential zoning ordinance update on final reading, locking in a 40% minimum green space requirement for new development in the city's largest residential districts.

Market News

Kingsport Approves Quarry Expansion 6-1, 200 Yards From an Elementary School

Kingsport's Board of Mayor and Aldermen approved a rezoning allowing quarry expansion near the Tri-Cities Airport on a 6-1 second reading, with Mayor Paul Montgomery casting the lone no vote.

Market News

85-Unit Strawberry Plains Townhome Community Sells for $24.4 Million

An 85-unit Class A rental townhome community in Strawberry Plains has sold for $24.4 million, a deal that priced Knoxville's eastern edge at roughly $287,000 per door.

Market News

Habitat for Humanity Is Coming to Sevier County — What It Means for Home Prices

Sevierville officials confirmed they are working with Knoxville Habitat for Humanity to expand its service area into Sevier County, and are already hunting for a site for the first Habitat home here.

Market News

Chattanooga Planning Commission Clears 300+ New Homes Across Four Developments

The Chattanooga-Hamilton County Regional Planning Commission recommended approval of more than 300 new homes across four developments at its July meeting, with the largest cases heading to City Council on Aug. 11.

Market News

Metro Council Takes Final Vote Tonight on Seizing $23M Zoo-Adjacent Data Center Site

Mayor Freddie O'Connell's bill to acquire the zoo-adjacent DC Blox data center property through negotiation or condemnation faces a final Metro Council vote Tuesday night, on top of a data-center moratorium already in force through Dec. 1.

Market News

Tri-Cities Home Prices Set to Hold Flat Through December, NETAR Forecast Says

The Northeast Tennessee Association of REALTORS released an Aug. 2 outlook concluding that Tri-Cities home prices have already banked most of 2026's gains and should hold roughly flat through December.

Market News

225-Unit South Knoxville Waterfront Apartments Deadlocked 5-5 at Planning Commission

A six-story, 225-unit apartment complex proposed just south of the Gay Street Bridge stalled again after Knoxville-Knox County planning commissioners split 5-5 and asked the developer to go back to the neighborhood.

Market News

Pigeon Forge Awards $5.8M Westside Connector Contract — What It Means for Home Values

Pigeon Forge City Commission approved a $5.8 million construction contract for the next phase of the Westside Connector, pushing the bypass across the Parkway and closer to the neighborhoods it was designed to relieve.