Louisville MLS September 2014 Market Trends

Download Louisville MLS September 2014 Market Trends

Post on 30-May-2015

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  • 1. SEPTEMBER 2014LOUISVILLE KY MLS

2. MEDIAN SALES PRICELOUISVILLE KY MLSThe 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 2014SEPTEMBER 2013$150,000$149,9000%SEPTEMBER 2014$150,000$0$20,000$40,000$60,000$80,000$100,000$120,000$140,000$160,000$180,000 3. CLOSED TRANSACTIONSLOUISVILLE KY MLSThe 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 2013.1,2141,2583%SEPTEMBER 2014SEPTEMBER 2014SEPTEMBER 20131,21402004006008001000120014001600 4. DAYS ON THE MARKETLOUISVILLE KY MLSThe 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%6065SEPTEMBER 2014SEPTEMBER 2014SEPTEMBER 2013600102030405060708090 5. MONTHS SUPPLY OFINVENTORYLOUISVILLE KY MLSThe 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 2013.7.35.630%SEPTEMBER 2014SEPTEMBER 2014SEPTEMBER 20137.30.01.02.03.04.05.06.07.08.0 6. 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).