As we look back at the first month of 2025, East Tennessee has begun to see some of the much-anticipated housing market improvements. The number of active listings has reached pre-pandemic levels, months of inventory crested 4 in January, and median days on market rose above 35 for the first time since February 2020.

Looking forward, East Tennessee REALTORS® expects these trends to continue with decelerating price growth and the potential for a healthy increase in annual home sales. Home prices are forecasted to grow modestly at an annual increase of 2.9% in 2025, and total home sales are expected to increase 8.7% from 2024. Access the full 2025 Housing Market Forecast report and see upcoming event dates here.