JULY 2014CHATTANOOGA MLS

MEDIAN SALES PRICE

CHATTANOOGA MLS

The Median Price for all homes sold in July was $154,500, which is 3% higher than the median price in June and 1% higher than the price in July 2013.

JULY 2014

JULY 2013

$154,500

$153,0001%

JULY 2014

$120,000

$125,000

$130,000

$135,000

$140,000

$145,000

$150,000

$155,000

$160,000 $154,500

CLOSED TRANSACTIONS

CHATTANOOGA MLS

The Market Trend Report for July showed a 2% decrease in the number of Closed Transactions over June and an 11% increase over sales in July 2013.

716

64511%

JULY 2014

JULY 2013

JULY 2014

Jul-13Jul-13Jul-13

Aug-1

3

Aug-1

3

Sep-1

3

Sep-1

3

Oct-13

Oct-13

Nov-1

3

Nov-1

3

Dec-1

3

Dec-1

3

Dec-1

3

Jan-14

Jan-14

Feb-1

4

Feb-1

4

Mar-14

Mar-14

Apr-14

Apr-14

May-1

4

May-1

4

Jun-14

Jun-14

Jun-14

0

100

200

300

400

500

600

700

800 716

DAYS ON THE MARKET

CHATTANOOGA MLS

The average Days on the Market for all homes sold in July was 123. This is 5 days less than the average number of days in June and no change from July 2013.

0%

123

123

JULY 2014

JULY 2013

JULY 2014

Jul-13Jul-13Jul-13

Aug-1

3

Aug-1

3

Sep-1

3

Sep-1

3

Oct-13

Oct-13

Nov-1

3

Nov-1

3

Dec-1

3

Dec-1

3

Dec-1

3

Jan-14

Jan-14

Feb-1

4

Feb-1

4

Mar-14

Mar-14

Apr-14

Apr-14

May-1

4

May-1

4

Jun-14

Jun-14

Jun-14

0

20

40

60

80

100

120

140

160

123

MONTHS SUPPLY OFINVENTORY

CHATTANOOGA MLS

The number of Months Supply of Inventory at the end of July was 6.6 which a 3% decrease from June and a 6% decrease from July 2013.

6.6

7.0

6%

JULY 2014

JULY 2013

JULY 2014

0.0

2.0

4.0

6.0

8.0

10.0

12.0

6.6

DescriptionThe 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.

DefinitionsMedian 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).