Northeast GA MLS Market Trend March 2014

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Information about Northeast GA MLS Market Trend March 2014

Published on April 23, 2014

Author: marketingrmx

Source: slideshare.net

NE GEORGIA MLS MARCH 2014

MEDIAN SALES PRICE NE GEORGIA MLS The Median Price for all homes sold in March was $142,500, which was 10% lower than the median price in February and 6% higher than the price in March 2013. MARCH 2014 MARCH 2013 $142,500 $135,000 6% MARCH 2014 $142,500 $120,000 $125,000 $130,000 $135,000 $140,000 $145,000 $150,000 $155,000 $160,000

CLOSED TRANSACTIONS NE GEORGIA MLS The Market Trend Report for March showed a 27% increase in the number of Closed Transactions over February and 8% decrease over sales in March 2013. 177 192 8% MARCH 2014 MARCH 2013 MARCH 2014 177 0 50 100 150 200 250

DAYS ON THE MARKET NE GEORGIA MLS The average Days on the Market for all homes sold in March was 190. This is 47 days more than the average in February and 19 days more than the average in March 2013. 11% 190 171 MARCH 2014 MARCH 2013 MARCH 2014 190 0 50 100 150 200 250

MONTHS SUPPLY OF INVENTORY NE GEORGIA MLS The number of Months Supply of Inventory at the end of March was 14.1 which is a 13% decrease from February and an 8% increase from March 2013. 14.1 13.0 8% MARCH 2014 MARCH 2013 MARCH 2014 14.1 0.0 5.0 10.0 15.0 20.0 25.0

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 Northeast Georgia 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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