KNOXVILLE, Tenn. — Home sales in East Tennessee rose across all major metrics in August, according to the latest Market Pulse report from East Tennessee Realtors.

Sales increased more than 7% compared to August 2024. Month-over-month and year-to-date sales also showed growth.

The median home price last month was just over $370,000. Housing inventory rose more than 30% from August 2024, providing more options for buyers and contributing to longer time on market, according to the report.

Homes were under contract in a median of 28 days, compared to 20 days a year earlier. The report also said nearly 40% of homes were sold at or above asking price in August — the lowest percentage since 2021.

East Tennessee Realtors said pricing strategy remains important, as the market continues to stabi

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