Monthly East Tennessee Real Estate Market Updates

June 2025 Housing Market Recap: What East Tennessee Buyers and Sellers Need to Know

The real estate market in East Tennessee is settling into a more balanced, healthier rhythm—and that’s a good thing.

📅 New Listings

New listings in June slowed slightly compared to April and May, following a seasonal trend we also saw last year. But don't let that fool you—June still posted one of the highest numbers of new listings in recent history, second only to the peak of 2022. Sellers are confident, and the market is still moving.

🏠 Active Listings

Inventory has been steadily climbing, reaching a high point in June. Compared to the ultra-tight market of 2021, buyers now have nearly twice as many choices. For sellers, that means standing out is more important than ever. Pricing smart and prepping well are the keys to success.

✅ Pending Sales

Pending home sales in June weren’t the highest we’ve seen, but they held strong—beating out June 2023 and 2024. The market isn’t slowing down—it’s simply becoming more sustainable and predictable. And that’s exactly what serious buyers and sellers want.

🚫 Closed Units

We saw more closings this June than the past two years. Homes are getting listed, going under contract, and closing. The difference? Success today comes from agents who know how to strategically prep listings, negotiate confidently, and communicate clearly.

⏱️ Months of Supply

We’re holding steady with just over 5 months of housing supply—which still qualifies as a seller's market. It just doesn’t feel as intense as it did during the buying frenzy a few years ago.

📈 Median Sales Price

Year-over-year, the median sales price is nearly identical to June 2024. That means prices aren’t dropping—they’re leveling out. Sellers: this is your cue to temper expectations, not lower them. You haven’t lost value, but the skyrocket days have passed.

⏳ Days on Market

Homes under the luxury price point are averaging 60 days on market. Luxury homes? Closer to 73 days. That’s actually a gift—longer DOM gives you more time to market, generate leads, and promote your listing (instead of it flying off the shelf before anyone sees it).

✨ The Bottom Line

This is a market that rewards preparation, strategy, and the agents who do the work. Whether you’re buying or selling, don’t listen to the noise—follow the data.

Want to know what these trends mean for your next move?

Let’s talk strategy.