louisville mls june 2014 market trends
DESCRIPTION
Presented by RE/MAX of Kentucky. Make Your Move with the #1 Name in Real Estate. Go to remax-kentucky.com or Call 1-877-345-REMAX to connect to an agent about buying a home or selling your home in today’s market.TRANSCRIPT
JUNE 2014LOUISVILLE MLS
MEDIAN SALES PRICE
LOUISVILLE MLS
The Median Price for all homes sold in June was $155,000, which is 6% higher than the median sales price in May and 6% less than the median sales price in June 2013.
JUNE 2014
JUNE 2013
$155,000
$164,7006%
JUNE 2014
$0$20,000$40,000$60,000$80,000
$100,000$120,000$140,000$160,000$180,000 $155,000
CLOSED TRANSACTIONS
LOUISVILLE MLS
The Market Trend Report for June showed an 8% increase in the number of Closed Transactions over May and a 13% increase over sales in June 2013.
1,490
1,32413%
JUNE 2014
JUNE 2014
JUNE 2013
0
200
400
600
800
1000
1200
1400
1600 1,490
DAYS ON THE MARKET
LOUISVILLE MLS
The average Days on the Market for all homes sold in June was 61. This is 6 days less than the average from May and 6 days less than the average in June 2013.
9%
61
67
JUNE 2014
JUNE 2014
JUNE 2013
0
10
20
30
40
50
60
70
80
90
61
MONTHS SUPPLY OFINVENTORY
LOUISVILLE MLS
The number of Months Supply of Inventory at the end of June was 5.5 which is 12% higher than May and a 20% increase over June 2013.
5.5
4.6
20%
JUNE 2014
JUNE 2014
JUNE 2013
Jun-13
Jun-13
Jun-13Jul-13Jul-13
Aug-13
Aug-13
Sep-13
Sep-13
Oct-13
Oct-13
Nov-13
Nov-13
Nov-13
Dec-13
Dec-13
Jan-14
Jan-14
Feb-14
Feb-14
Mar-14
Mar-14
Apr-14
Apr-14
May-14
May-14
May-14
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
5.5
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 Louisville 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).