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Title: Blake Rickels Group Highlights Key Trends Shaping Knoxville’s Real Estate Market

Knoxville, TN – February 27, 2025 – The Knoxville real estate market is evolving as home prices adjust, buyer demand shifts, and property values continue to appreciate. Blake Rickels Group, Honors Real Estate, a leading real estate firm in Knoxville, provides insight into these trends, helping homeowners navigate the selling process with data-driven strategies and expert guidance.Blake Rickels Group, Honors Real EstateKnoxville’s Real Estate Market: Where It Stands in 2025As of January 2025, the median home listing price in Knoxville was $423,200, reflecting a 2.7% year-over-year decrease. Despite this adjustment, property values are forecasted to rise by 3.6% throughout 2025, indicating a stable and growing market. Homes are currently selling within an average of 62 days, emphasizing Knoxville's position as an active real estate landscape."With Knoxville's housing trends shifting, sellers must understand pricing strategies, staging benefits, and buyer behavior," said Blake Rickels, a Knoxville real estate agent. “A well-prepared home can make a significant difference in sale price and time on the market.”Key Factors Impacting Home Sales in KnoxvilleRecent data shows that professionally staged homes sell 73% faster and can command up to 15% over the asking price. A properly staged home highlights its best features, making it more appealing to buyers and increasing its perceived value. Additionally, nearly 85% of realtors agree that staged homes attract more competitive offers, which can lead to higher final sale prices.Other factors influencing the Knoxville housing market include rising mortgage rates, changing inventory levels, and neighborhood-specific demand. Areas such as West Knoxville, Farragut, Bearden, Hardin Valley, and Sequoyah Hills continue to see interest...

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