SEPTEMBER 2014
NASHVILLE MLS
MEDIAN SALES PRICE
NASHVILLE MLS
The Median Price for all homes sold in September was $185,000, which is 3% lower than t...
CLOSED TRANSACTIONS
NASHVILLE MLS
The Market Trend Report for September showed a 7% decrease in the number of Closed Tra...
DAYS ON THE MARKET
NASHVILLE MLS
The average Days on the Market for all homes sold in September was 77. This is 4 days m...
MONTHS SUPPLY OF
INVENTORY
NASHVILLE MLS
The number of Months Supply of Inventory at the end of September was 3.0 which...
Description
The Market Trend Report is distributed each month on or about the 15th. The Report is based on data provided ...
of 6

Nashville MLS September 2014 Market Trends

Presented by RE/MAX of Tennessee. Make Your Move with the #1 Name in Real Estate. Go to remax-tennessee.com or Call 1-877-345-REMAX to connect to an agent about buying a home or selling your home in today’s market.
Published on: Mar 3, 2016
Published in: Real Estate      
Source: www.slideshare.net


Transcripts - Nashville MLS September 2014 Market Trends

  • 1. SEPTEMBER 2014 NASHVILLE MLS
  • 2. MEDIAN SALES PRICE NASHVILLE MLS The Median Price for all homes sold in September was $185,000, which is 3% lower than the median price in August and 8% higher than the price in September 2013. SEPTEMBER 2014 SEPTEMBER 2013 $185,000 $172,000 8% SEPTEMBER 2014 $185,000 $140,000 $150,000 $160,000 $170,000 $180,000 $190,000 $200,000
  • 3. CLOSED TRANSACTIONS NASHVILLE MLS The Market Trend Report for September showed a 7% decrease in the number of Closed Transactions over August and a 12% increase over sales in September 2013. 3,290 2,932 12% SEPTEMBER 2014 SEPTEMBER 2013 SEPTEMBER 2014 3,290 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 September was 77. This is 4 days more than the average in August and 3 days less than the average in September 2013. 4% 77 80 SEPTEMBER 2014 SEPTEMBER 2013 SEPTEMBER 2014 77 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 September was 3.0 which is 3% higher than August and 23% lower than September 2013. 3.0 3.9 23% SEPTEMBER 2014 SEPTEMBER 2013 SEPTEMBER 2014 3 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0
  • 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).

Related Documents