April 2012 real estate search results are in and Nashville, TN was the #50 most searched market in the country in April 2012, based on data released today by Realtor.com, the #1 homes for sale real estate web site.

Median list prices for homes in Nashville, TN hit $189,900 in April 2012, a 0.00% increase from one year ago this month, and 1.55% increase from March 2012.  The national median list price in April 2012 was $191,211, a -0.35% decrease compared to April 2011.

Active for sale inventory of homes in Nashville, TN in April 2012 leveled out at 10,785, a -15.77% decrease compared to April 2011. National inventory counts for April 2012 were 1,840,803, a -18.85% decrease as compared to a year ago. 

The median age of inventory in Nashville, TN in April was 63 days, a -3.08% decrease compared to March 2012.  Nationally, the median age of inventory was 84 days, a -5.62% decrease compared to March.

An interesting note from the Tennessee Association of Realtors Legal Hotline:

QUESTION: I have a listing. A home inspection was done by the previous prospective buyer, which I have a copy of. A current prospective buyer's agent has requested "any and all previous home inspection reports". Is this legal/ethical? Can I supply the agent with the reports?

ANSWER: We actually addressed this issue in a DIGEST some time ago. The seller does not own this report. Therefore, they should NOT distribute it to anyone without the permission of the original owner (probably the original buyer). In addition, if the original contract was on a TAR Purchase and Sale Agreement, then it contains the following language which states that the seller will not distribute it to third parties (including future buyers):

"In further consideration of Buyer's right to legally, properly and in good faith invoke a right to terminate this Agreement pursuant to any specific Buyer contingency as stated herein, Buyer agrees, upon Seller's request, to provide Seller or Seller's representative with copies of any supporting documentation which supports Buyer's right to exercise said contingency, the sufficiency and adequacy of said additional consideration being acknowledged. Any such supporting documents shall be provided for Seller's benefit only and Seller shall not disseminate the same to third parties."

[SOURCE: TAR's Legal & Ethics Hot Line Attorneys]

March 2012 real estate search results are in and Nashville, TN was the #52 most searched market in the country in March 2012, based on data released today by Realtor.com, the #1 homes for sale real estate web site.

Median list prices for homes in Nashville, TN hit $187,000 in March 2012, a 3.95% increase from one year ago this month, and 1.14% increase from February 2012.  The national median list price in March 2012 was $189,900, a 5.56% increase compared to March 2011.

Active for sale inventory of homes in Nashville, TN in March 2012 leveled out at 10,268, a -17.58% decrease compared to March 2011. National inventory counts for March 2012 were 1,804,040, a -21.48% decrease as compared to a year ago. 

The median age of inventory in Nashville, TN in March was 65 days, a -17.72% decrease compared to February 2012.  Nationally, the median age of inventory was 89 days, a -19.82% decrease compared to February.