June 2025 East Tennessee Housing Market Update

As we settle into the heart of summer, the East Tennessee housing market continues to shift toward balance. While the fast-paced, unpredictable days of the pandemic-era market are behind us, we’re seeing a new phase emerge—steady, sustainable, and surprisingly strong.

Here’s a breakdown of what happened in June 2025 and what it means for buyers and sellers in our region:

📅 New Listings: Slight Seasonal Dip

While June saw fewer new listings than May or April, this isn’t cause for alarm. We saw a similar trend last year, and overall, 2025 remains one of the most active listing years in recent memory. In fact, the only recent year with more new listings in June was 2022—a record-setter in many ways. Sellers are still confident, and the inventory remains healthy.

June 2025 East TN Housing Market Update | Sold By Strunk

🏠 Active Listings: Choices Are Growing

Inventory has steadily climbed all year, with June marking the highest number of active listings yet. Compared to 2021, buyers now have nearly twice the number of homes to choose from. For sellers, that means more competition. Pricing strategically, preparing the home thoroughly, and marketing aggressively are more important than ever.

✅ Sales Pending: Stable Momentum

Pending home sales in June were solid—not record-breaking, but still higher than what we saw in both June 2023 and 2024. This indicates a market that’s returning to a normal pace. It’s not cooling—it’s simply becoming more predictable.

🚫 Closed Units: Better Than Last Year

We closed more homes in June 2025 than in the past two Junes. Transactions are happening, and homes are moving. The difference? Today’s successful closings are being driven by well-prepared sellers and strategic agents who understand how to guide deals through every phase—including pricing, inspections, and marketing.

⏱️ Months of Supply: Still a Seller’s Market

With just over five months of housing supply, East Tennessee remains in seller’s market territory—though not as aggressively as in past years. This is a good sign: more balance, but still strong conditions for sellers.

📈 Median Sales Price: Holding Steady

The median sales price this June is nearly identical to last year. That’s important: prices aren’t falling—they’re leveling out. Sellers may not see the rapid gains of past years, but they haven’t lost value either. It’s a stable, fair-market environment.

⏳ Average Days on Market: A Smart Window for Marketing

Homes below the luxury threshold are averaging around 60 days on the market, while luxury homes are taking closer to 73 days. This extra time gives sellers and agents a valuable window to market listings properly. In past markets, listings vanished so fast, sellers missed that exposure. Now? You can create more visibility and drive stronger results.

✨ Final Thoughts: Strategy Wins in This Market

This is no longer a "list it and forget it" market. Buyers are more selective. Sellers have more competition. Success in this market goes to those who prepare, market well, and price right from day one.

Whether you're considering buying, selling, or just watching the market, make sure you're working with a professional who understands these trends and knows how to guide you through them with clarity and confidence.

At The Sold By Strunk Team, we believe that facts beat fear and strategy beats luck.

Want to know what this market means for your home or your next move? Let’s connect.

📲 Call/Text: (865)-566-8162
📞 Office: (865)-687-1111
🌐 Visit: www.SoldByStrunk.com

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