Navigating Knoxville's 2025 Housing Market: January Key Trends, Home Prices & Investment Insights - Episode 7

In this episode of Defining Home, host Shannon Foster-Boline breaks down the January 2025 East Tennessee housing market update with exclusive insights from East Tennessee Realtors. She covers: ✅ Median home price trends – now at $360,642, how does that compare to 2024 ✅ Surge in new listings – up 19.5%, signaling a shift toward a new buyers' market ✅ Market absorption rate & days on market – what rising inventory means for home sellers ✅ Luxury homes vs. mid-range homes – why $1M+ properties may see price stagnation or declines while affordable homes remain competitive ✅ Negotiation opportunities – how buyers, sellers, and investors can leverage current market trends Shannon also discusses the impact of interest rates, the changing absorption rate (now 54%, down from 84% at its peak), and what this means for Knoxville's real estate future in 2025. For additional insights on mortgage trends, Shannon recommends checking out the More Than Mortgage podcast by Lisa Wiles and Corey Freels at Fairway Mortgage. 🎧 Tune in now to get expert advice on how to navigate Knoxville's real estate market with confidence! 00:00 – Introduction to the Defining Home Podcast 00:45 – January 2025 Housing Market Update 01:39 – Home Prices and Sales Trends 02:56 – Market Shifts and Buyer-Seller Dynamics 04:59 – Impact on Different Price Ranges & Luxury Homes 06:09 – Opportunities for Buyers, Sellers, and Investors 07:08 – Final Thoughts & Takeaways 📢 Enjoying the podcast? Don't forget to subscribe and leave a 5-star review! 🔗 Links & Resources Mentioned in This Episode: More Than Mortgage Podcast – Hosted by Lisa Wiles & Corey Freels Connect with Shannon & Learn More About Knoxville Real Estate