Corryton
REAL ESTATE
Report finds more than half of all home sold in East Tennessee went for asking price or above in May
KNOXVILLE, Tenn. — People looking to buy a home in East Tennessee continued to face increasingly higher prices in May, according to a new report. The East Tennessee REALTORS group said the median sale price for a home in the region increased to around $365,000 in May, a jump of around 8.96% compared to the previous year. In April, the realty group said the median home sale price was around $354,450. It also said around half of the homes sold in the region were under contract in 13 days or less.
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