Knoxville’s housing market was behind the curve when the housing bubble burst a few years back and sales and prices plummeted. That was a good thing. The regional housing market suffered, but not nearly as much as cities in California, Florida, Las Vegas and other overheated markets.
Apparently the same is true when it comes to the housing market recovery. Sales prices are starting to rise in much of the country, but not in metropolitan Knoxville, according to a report released today by the National Association of Realtors.