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Albany Market Trend Report January 2014

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Information about Albany Market Trend Report January 2014

Published on February 19, 2014

Author: marketingrmx

Source: slideshare.net

Description

Presented by RE/MAX of Georgia.
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ALBANY MLS JANUARY 2014

JANUARY 2014 $79,000 JANUARY 2013 MEDIAN SALES PRICE $104,000 24% $130,000 $120,000 $110,000 $100,000 $90,000 $79,000 $80,000 $70,000 The Median Price for all homes sold in January was $79,000, which was 28% lower than the median price in December and 24% lower than the price in January 2013. ALBANY MLS JANUARY 2014

JANUARY 2014 59 JANUARY 2013 CLOSED TRANSACTIONS 75 21% 150 145 140 135 130 125 120 115 110 105 100 95 90 85 80 75 70 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 The Market Trend Report for January showed a 37% decrease in the number of Closed Transactions over December and 21% decrease over sales in January 2013. ALBANY MLS JANUARY 2014

JANUARY 2014 168 JANUARY 2013 DAYS ON THE MARKET 151 11% 390 340 290 240 190 168 140 90 The average Days on the Market for all homes sold in January was 168. This is 20 days more than the average in December and 17 days more than the average in January 2013. ALBANY MLS JANUARY 2014

JANUARY 2014 12.9 JANUARY 2013 10.8 MONTHS SUPPLY OF INVENTORY 19% 14.0 12.9 11.0 8.0 5.0 The number of Months Supply of Inventory at the end of January was 12.9 which is a 2% increase from December and a 19% increase from January 2013. ALBANY MLS JANUARY 2014

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 Albany 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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