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Find your dream home in the Tri-Cities, TN area with Collins & Co. Get expert real estate guidance in the 2025 home buyers market.

As we wrap up 2024, let's examine how the Elizabethton housing market has evolved over the final months of the year. The latest December data provides interesting insights into our local real estate trends, particularly when compared to October's figures. The most notable change in Elizabethton's market is the upward shift in median home prices, moving from $225,000 in October to $264,000 in December – a significant increase of $39,000 in just two months. This 17.3% price jump indicates strong buyer demand in our area, even as we moved into the traditionally slower winter season. While sales volume slightly decreased from 27 homes in October to 26 in December, this minimal change suggests remarkable market stability, especially considering that winter months typically see more substantial decreases in activity. The year-over-year comparison shows a 16.1% decrease in sales volume, reflecting a broader market adjustment rather than a local concern. An interesting development is the shift in price appreciation trends. While October showed a 7.1% year-over-year price increase, December data reveals an even more robust 23.9% price appreciation compared to the previous year. This substantial growth in home values positions Elizabethton as one of the stronger performing markets in our region. Looking at our position within the broader regional market, Elizabethton continues to offer strong value. While our median price has increased, we remain more affordable than communities like Johnson City ($285,000) and Jonesborough ($444,450), while offering higher appreciation rates than many neighboring areas. For local homeowners, this rapid appreciation represents significant equity gains over the past year. For potential buyers, while prices have risen, Elizabethton still presents an opportunity to enter a market showing strong growth potential. The combination of stable sales volume and strong price appreciation suggests that Elizabethton continues to attract serious buyers despite the seasonal slowdown and broader market challenges. This resilience speaks to our community's enduring appeal and the fundamental strength of our local market.  As we enter 2025, these trends suggest that Elizabethton remains a dynamic market with strong potential for both buyers and sellers. Whether you're considering a move or simply monitoring your home's value, understanding these market shifts is crucial for making informed real estate decisions.

Purchasing a home is one of life's most significant investments, and having an experienced guide can make all the difference. As a Realtor and Auctioneer with Collins and Company Realtors and Auctioneers in Elizabethton, TN, I'm here to navigate you through each step of this exciting journey. The process begins with financial preparation. We'll discuss your budget, recommend trusted local lenders, and help you secure pre-approval for a mortgage. This crucial first step gives you a clear picture of your buying power and strengthens your position when making offers. Once your financing is in order, we'll explore your dream home criteria. Whether you're seeking a cozy starter home, a spacious family residence, or an investment property, I'll leverage my deep knowledge of the Elizabethton market to find properties that match your needs and budget. When we find potential homes, I'll schedule viewings that work with your schedule. During these visits, I'll help you evaluate each property's condition, point out potential concerns, and discuss possible renovation opportunities. My experience as an auctioneer also provides unique insights into property values and market trends. After finding your ideal home, I'll guide you through making a competitive offer. This includes analyzing comparable sales, understanding market conditions, and crafting an offer that protects your interests while appealing to sellers. I'll negotiate on your behalf to secure the best possible terms. During the due diligence period, I'll coordinate with home inspectors, appraisers, and other professionals to ensure thorough property evaluation. If issues arise, I'll help negotiate repairs or price adjustments with the seller.  As we approach closing, I'll work closely with your lender, title company, and other parties to ensure a smooth transaction. I'll review closing documents with you and address any questions or concerns. Throughout the entire process, you'll benefit from my local expertise, professional network, and commitment to your success. As your advocate, I'll ensure you're informed and confident in every decision. Ready to start your home buying journey? Contact me at Collins and Company Realtors and Auctioneers in Elizabethton, TN. Let's turn your dream of homeownership into reality.

Collins & Co. helps buyers and sellers navigate the Tri-Cities, TN housing market. Explore homes, land, and expert real estate services.

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