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Northeast Tennessee & Southwest Virginia Real Estate Market Report: August 2021 Edition

Like last month, August appears to show some signs that the Tri-Cities real estate market might be cooling off for buyers. For over a year now – since the COVID-19 pandemic began – the decrease in availability of homes has caused single-family home prices to increase dramatically. While this has caused some buyers to wait out the high cost of homeownership, many haven’t had a choice, either due to personal or professional obligations. With Realtor.com calling Johnson City #5 of the Top 10 Hottest Markets in the Country, it’s no surprise that some want to wait until the market equalizes. Until then, those looking to buy in today’s market need to be represented by knowledgeable and qualified REALTORS® that understand the in’s and out’s of real estate contracts. There are numerous ways that buyers can leverage contract verbiage to win the deal. At Red Door Agency, we have helped dozens of clients successfully navigate the purchase of their new home. Contact us today to learn how we can help.

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