FEBRUARY 2015 CHATTANOOGA MLS

MEDIAN SALES PRICE

CHATTANOOGA MLS

The Median Price for all homes sold in February was $150,000, which is 1% higher than the median price in January and 9% higher than the median price in February 2014.

FEBRUARY 2015

$150,000

$138,000

9%

FEBRUARY 2015

FEBRUARY 2014

$150,000

$125,000

$130,000

$135,000

$140,000

$145,000

$150,000

$155,000

$160,000

CLOSED TRANSACTIONS

CHATTANOOGA MLS

The Market Trend Report for February showed a 20% decrease in the number of Closed Transactions over January and a 7% increase over sales in February 2014.

FEBRUARY 2015

461

432

7%

FEBRUARY 2015

FEBRUARY 2014

461

0

100

200

300

400

500

600

700

800

DAYS ON THE MARKET

CHATTANOOGA MLS

The average Days on the Market for all homes sold in February was 133. This is 2 days less than the average in January and 6 days less than the average in February 2014.

FEBRUARY 2015

133

139

4%

FEBRUARY 2015

FEBRUARY 2014

133

105

110

115

120

125

130

135

140

145

150

MONTHS SUPPLY OF

INVENTORY

CHATTANOOGA MLS

The number of Months Supply of Inventory at the end of February was 6.3 which is 15% lower than January and a 27% decrease from February 2014.

FEBRUARY 2015

6.3

8.6

27%

FEBRUARY 2015

FEBRUARY 2014

6.3

0.0

2.0

4.0

6.0

8.0

10.0

12.0

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

Chattanooga 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).