louisville mls september 2014 market trends
TRANSCRIPT
SEPTEMBER 2014 LOUISVILLE KY MLS
MEDIAN SALES PRICE
LOUISVILLE KY MLS
The Median Price for all homes sold in September was $150,000, which is 6% less than August and no change from the median sales price in September 2013.
SEPTEMBER 2014
SEPTEMBER 2013
$150,000
$149,900 0%
SEPTEMBER 2014
$150,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
CLOSED TRANSACTIONS
LOUISVILLE KY MLS
The Market Trend Report for September showed a 17% decrease in the number of Closed Transactions over August and a 3% decrease over sales in September 2013.
1,214
1,258
3%
SEPTEMBER 2014
SEPTEMBER 2014
SEPTEMBER 2013
1,214
0
200
400
600
800
1000
1200
1400
1600
DAYS ON THE MARKET
LOUISVILLE KY MLS
The average Days on the Market for all homes sold in September was 60. This is 1 day less than the average in August and 5 days less than the average in September 2013.
8%
60
65
SEPTEMBER 2014
SEPTEMBER 2014
SEPTEMBER 2013
60
0
10
20
30
40
50
60
70
80
90
MONTHS SUPPLY OF
INVENTORY
LOUISVILLE KY MLS
The number of Months Supply of Inventory at the end of September was 7.3 which is a 7% increase from August and a 30% increase from September 2013.
7.3
5.6
30%
SEPTEMBER 2014
SEPTEMBER 2014
SEPTEMBER 2013
7.3
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
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
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.
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).