Knoxville's Housing Market: Buyer's or Seller's Market?

The Knoxville housing market is currently in a tight but strong state, with leverage equalized between buyers and sellers. Buyers looking for homes below $300,000 will face extreme competition, while those shopping for homes above $300,000 will have more leverage. Interest rates and inventory are factors affecting housing affordability, and the area is seeing a record number of apartments being built, which is good news for renters. The Knoxville Area Association of Realtors will release its state of housing report at the end of May.