As of October 2021, home prices in Knoxville were up 14.5 percent compared to the same time last year, with a median selling price of $285K, according to Redfin, while housing inventory has decreased. With demand outpacing supply, it’s no wonder values are on the rise in this northeast Tennessee city. There was already a housing shortage here, but it’s been compounded by the number of people moving in from out of state. Across the country, there is a big influx of people moving out of big cities like Los Angeles, Chicago, and New York City to enjoy a lower
The post Why Knoxville’s Real Estate Values Are On the Rise appeared first on Factual Facts.