GSMAR Market Trend Report January 2014

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Information about GSMAR Market Trend Report January 2014
Real Estate

Published on February 19, 2014

Author: marketingrmx

Source: slideshare.net

Description

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.

GSMAR MLS JANUARY 2014

JANUARY 2014 $133,500 JANUARY 2013 MEDIAN SALES PRICE $127,000 5% $160,000 $150,000 133,500 $140,000 $130,000 $120,000 $110,000 $100,000 $90,000 The Median Price for all homes sold in January was $133,500, which is 3% higher from the median price in December and 5% higher than the price in January 2013. GSMAR MLS JANUARY 2014

JANUARY 2014 144 JANUARY 2013 CLOSED TRANSACTIONS 134 7% 210 200 190 180 170 160 150 140 130 120 144 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 1% decrease in the number of Closed Transactions over December and a 7% increase over sales in January 2013. GSMAR MLS JANUARY 2014

JANUARY 2014 201 JANUARY 2013 DAYS ON THE MARKET 175 15% 360 310 260 201 210 160 110 The average Days on the Market for all homes sold in January was 201. This is 31 days more than the average in December and 26 days more than the average in January 2013. GSMAR MLS JANUARY 2014

JANUARY 2014 15.1 JANUARY 2013 14.9 MONTHS SUPPLY OF INVENTORY 1% 25.0 20.0 15.0 15.1 10.0 The number of Months Supply of Inventory at the end of January was 15.1 which is an 17% decrease over December and a 1% increase from January 2013. GSMAR 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 Greater Smokey Mountain Association of Realtors 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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