FEBRUARY 2014NASHVILLE MLS
MEDIAN SALES PRICE
NASHVILLE MLS
The Median Price for all homes sold in February was $164,900, which is 1% higher
than the...
CLOSED TRANSACTIONS
NASHVILLE MLS
The Market Trend Report for February showed a 2% decrease in the number of
Closed Transa...
DAYS ON THE MARKET
NASHVILLE MLS
The average Days on the Market for all homes sold in February was 90. This is 7
days more...
MONTHS SUPPLY OF
INVENTORY
NASHVILLE MLS
The number of Months Supply of Inventory at the end of February was 3.7 which is ...
Description
The Market Trend Report is distributed each month on or about the 15th.
The Report is based on data provided b...
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Nashville MLS February 2014 Market Trend Report

Published on: Mar 3, 2016
Source: www.slideshare.net


Transcripts - Nashville MLS February 2014 Market Trend Report

  • 1. FEBRUARY 2014NASHVILLE MLS
  • 2. MEDIAN SALES PRICE NASHVILLE MLS The Median Price for all homes sold in February was $164,900, which is 1% higher than the median price in January and 7% higher than the price in February 2013. FEBRUARY 2014 FEBRUARY 2013 $164,900 $154,000 7% FEBRUARY 2014 $164,900 $135,000 $140,000 $145,000 $150,000 $155,000 $160,000 $165,000 $170,000 $175,000 $180,000 $185,000 $190,000
  • 3. CLOSED TRANSACTIONS NASHVILLE MLS The Market Trend Report for February showed a 2% decrease in the number of Closed Transactions over January and a 1% decrease over sales in February 2013. 2,058 2,083 1% FEBRUARY 2014 FEBRUARY 2013 FEBRUARY 2014 2,058 0 500 1000 1500 2000 2500 3000 3500 4000
  • 4. DAYS ON THE MARKET NASHVILLE MLS The average Days on the Market for all homes sold in February was 90. This is 7 days more than the average in January and 4 days less than the average in February 2013. 4% 90 94 FEBRUARY 2014 FEBRUARY 2013 FEBRUARY 2014 90 0 10 20 30 40 50 60 70 80 90 100
  • 5. MONTHS SUPPLY OF INVENTORY NASHVILLE MLS The number of Months Supply of Inventory at the end of February was 3.7 which is a 3% decrease over January and a 38% decrease from February 2013. 3.7 6.0 38% FEBRUARY 2014 FEBRUARY 2013 FEBRUARY 2014 3.7 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0
  • 6. 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 Nashville 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).

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