News Releases

*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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Announcing Angela Shields, Incoming CEO!

Tennessee REALTORS® is thrilled to welcome Angela Shields as the association’s incoming Chief Executive Officer. Angela will officially begin as the leader of our staff team in early October. She will assume the role held by Steve Harding, who is retiring after 44 years with the association, 39 of those years as the top staff

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TN June 2017 Housing: Sales -.5%, Price +11%, Inventory -26%

Continuing recent trends, June 2017 saw Tennessee's single-family home sales hold relatively steady at 7,918, down slightly (-.5%) from 7,954 in June 2016. The median price continued its steeper rise, reaching $223,400, +11% from $200,000 the prior June. Inventory kept tightening, -26% in June to 21,019 vs. 28,772 a year earlier. Condos followed similar patterns, but with a more modest median-price rise (+2.1%). See the chart below for more

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