knoxville mls september 2014 market trends
TRANSCRIPT
SEPTEMBER 2014 KNOXVILLE MLS
MEDIAN SALES PRICE
KNOXVILLE MLS
The Median Price for all homes sold in September was $152,000, which is 2% lower than the median price in August and 4% higher than the price in September 2013.
SEPTEMBER 2014
SEPTEMBER 2013
$152,000
$146,000
4%
SEPTEMBER 2014
$152,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
CLOSED TRANSACTIONS
KNOXVILLE MLS
The Market Trend Report for September showed an 11% decrease in the number of Closed Transactions over August and a 2% decrease over sales in September 2013.
1,022
1,043
2%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
1,022
0
200
400
600
800
1000
1200
1400
DAYS ON THE MARKET
KNOXVILLE MLS
The average Days on the Market for all homes sold in September was 101. This is 5 days more than the average in August and 5 days more than the average in September 2013.
5%
101
96
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
101
85
90
95
100
105
110
115
120
MONTHS SUPPLY OF
INVENTORY
KNOXVILLE MLS
The number of Months Supply of Inventory at the end of September was 9.8 which is 15% higher than August and no change from September 2013.
9.8
9.8
0%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
9.8
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
Knoxville 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).