columbus mls september 2014 market trends
DESCRIPTION
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COLUMBUS MLS SEPTEMBER 2014
MEDIAN SALES PRICE
COLUMBUS MLS
The Median Price for all homes sold in September was $139,900, which is 2% higher than the median price in August and 13% higher than the median price in September 2013.
SEPTEMBER 2014
SEPTEMBER 2013
$139,900
$123,900 13%
SEPTEMBER 2014
$139,900
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
CLOSED TRANSACTIONS
COLUMBUS MLS
The Market Trend Report for September showed a 1% decrease in the number of Closed Transactions over August and an 8% increase over sales in September 2013.
209
194
8%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
209
0
50
100
150
200
250
300
DAYS ON THE MARKET
COLUMBUS MLS
The average Days on the Market for all homes sold in September was 143. This is 10 days more than the average in August and 8 days less than the average in September 2013.
5%
143
151
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
143
0
20
40
60
80
100
120
140
160
180
200
MONTHS SUPPLY OF
INVENTORY
COLUMBUS MLS
The number of Months Supply of Inventory at the end of September was 9.9 which is 38% higher than August and a 3% decrease from September 2013.
9.9
10.2
3%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
9.9
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
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).