Lexington MLS Market Trend March 2014

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Information about Lexington MLS Market Trend March 2014
Real Estate

Published on April 23, 2014

Author: marketingrmx

Source: slideshare.net

Description

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MARCH 2014LEXINGTON MLS

MEDIAN SALES PRICE LEXINGTON MLS The Median Price for all homes sold in March was $135,000, which is 1% less than the median sales price in February and 6% less than the median sales price in March 2013. MARCH 2014 MARCH 2013 $135,000 $143,500 6% MARCH 2014 $135,000 $120,000 $125,000 $130,000 $135,000 $140,000 $145,000 $150,000 $155,000

CLOSED TRANSACTIONS LEXINGTON MLS The Market Trend Report for March showed a 30% increase in the number of Closed Transactions over February and an 10% decrease over sales in March 2013. 698 775 10% MARCH 2014 MARCH 2014 MARCH 2013 698 0 200 400 600 800 1000 1200

DAYS ON THE MARKET LEXINGTON MLS The average Days on the Market for all homes sold in March was 111. This is the 14 days more than the average from February and 28 days more than the average in March 2013. 34% 111 83 MARCH 2014 MARCH 2014 MARCH 2013 111 0 20 40 60 80 100 120

MONTHS SUPPLY OF INVENTORY LEXINGTON MLS The number of Months Supply of Inventory at the end of March was 5.7 which is a 23% decrease over February and a 2% increase over March 2013. 5.7 5.6 2% MARCH 2014 MARCH 2014 MARCH 2013 5.7 0.0 2.0 4.0 6.0 8.0 10.0 12.0

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 Lexington 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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