columbus mls june 2015 market trends
TRANSCRIPT
COLUMBUS MLS JUNE 2015
MEDIAN SALES PRICE
COLUMBUS MLS
The Median Price for all homes sold in June was $151,500, which is 2% lower than the median price in May and 3% higher than the median price in June 2014.
JUNE 2015
JUNE 2015 $151,500
JUNE 2014 $147,500
3%
$151,500
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
CLOSED TRANSACTIONS
COLUMBUS MLS
The Market Trend Report for June showed a 27% increase in the number of Closed Transactions over May and a 15% increase over sales in June 2014.
JUNE 2015
294
255
15%
JUNE 2015
JUNE 2014
294
0
50
100
150
200
250
300
350
DAYS ON THE MARKET
COLUMBUS MLS
The average Days on the Market for all homes sold in June was 119. This is 3 days less than the average in May and 47 days less than the average in June 2014.
JUNE 2015
119
166
28%
JUNE 2015
JUNE 2014
119
80
90
100
110
120
130
140
150
160
170
180
MONTHS SUPPLY OF
INVENTORY
COLUMBUS MLS
The number of Months Supply of Inventory at the end of June was 5.5 which is 5% lower than May and a 32% decrease from June 2014.
JUNE 2015
5.5
8.1
32%
JUNE 2015
JUNE 2014
5.5
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
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
Columbus 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).