augusta mls february2015 market trends
TRANSCRIPT
AUGUSTA MLS FEBRUARY 2015
MEDIAN SALES PRICE
AUGUSTA MLS
The Median Price for all homes sold in February was $140,000, which is 7% lower than the median price in January and 3% higher than the median price in February 2014.
FEBRUARY 2015
FEBRUARY 2015 $140,000
FEBRUARY 2014 $136,400
3%
$100,000
$125,000
$150,000
$175,000
$140,000
CLOSED TRANSACTIONS
AUGUSTA MLS
The Market Trend Report for February showed a 26% decrease in the number of Closed Transactions over January and a 22% increase over sales in February 2014.
FEBRUARY 2015
400
329
22%
FEBRUARY 2015
FEBRUARY 2014
0
100
200
300
400
500
600
700
400
DAYS ON THE MARKET
AUGUSTA MLS
The average Days on the Market for all homes sold in February was 159. This is 1 day more than the average in January and 10 days less than the average in February 2014.
FEBRUARY 2015
159
169
6%
FEBRUARY 2015
FEBRUARY 2014
125
130
135
140
145
150
155
160
165
170
175
156
MONTHS SUPPLY OF
INVENTORY
AUGUSTA MLS
The number of Months Supply of Inventory at the end of February was 5.6 which is 21% lower than January and a 28% decrease from February 2014.
FEBRUARY 2015
5.6
7.8
28%
FEBRUARY 2015
FEBRUARY 2014
5.6
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15
Description
The Market Trend Report is distributed each month on or about the 15th.
The Report is based on data provided by Terradatum from the local
Augusta Multiple Listing Service and is not annualized. While MLS and Terradatum data are believed to be accurate, it cannot be
guaranteed. MLS data is constantly being updated, making any analysis
a snapshot at a particular time. Data for prior periods is not being
recalculated for this report.
Definitions
Median Sales Price is the median price of all residential properties sold
during the month. Closed Transactions are the number of residential
transactions closed during the given month. Days on the Market is the
number of days that pass from the time a property is listed until the
property goes under contract for all residential properties sold during the
month. Months Supply of Inventory is the total number of residential
properties listed for sale at the end of the month (active inventory)
divided by the number of sales contracts signed (pended) during the
month).