August 2017 Home Sales Inch Up, Prices Rise, Inventory Still Tight
In line with recent trends, home sales across Tennessee ticked up 1.9 percent (7,603 closings to 7,745) in August 2017, the median price continued rising steadily, 9.8 percent ($198,000 to $217,500), and available homes kept falling, –24.3 percent (28,635 to 21,292) over August 2016, according to data compiled by Tennessee REALTORS®. Condo sales took a slightly different tack, falling -10.4 percent (791 closings to 709),
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Tennessean Inducted to REBAC Hall of Fame
Peggy Worcester, owner of Weichert, Realtors–Home Pros in Clarksville, has been inducted to the 2017 Real Estate Buyer’s Agent Council’s (REBAC) “Hall of Fame” presented by REBAC of the National Association of REALTORS® (NAR). Peggy was nominated for the 2017 REBAC Hall of Fame by fellow REBAC members and was selected by an independent
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*CHANGES to Purchase & Sale Agreement*
As of today, the Tennessee REALTORS® Residential Forms Committee has made the following changes to the appraisal section of the 2017 Purchase and Sale Agreement, with revisions to forms RF401, RF403, and RF404, RF656, and RF708: —— This Agreement IS CONTINGENT upon the appraised value either equaling or exceeding the agreed upon Purchase Price. If the appraised value is equal to or
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July 2017 Home Sales Steady, Inventory Tight, Median Price Up
Reflecting a continuing strong economy and a tight supply of available properties, Tennessee’s single-family home sales inched up .9 percent (7,408 to 7,475) in July 2017, while the median price rose 8 percent ($206,000 to $222,000) and inventory fell 26percent (28,635 to 21,292) over July 2016, according to data compiled by Tennessee REALTORS®. For the same period, Tennessee condominium sales inched up +.3 percent (666
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