Published on February 19, 2014
REAL COMP MLS JANUARY 2014
JANUARY 2014 $105,300 JANUARY 2013 MEDIAN SALES PRICE $77,000 37% $160,000 $140,000 $105,300 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 The Median Price for all homes sold in January was $105,300, which is a 12% decrease from December in median price and 37% higher than the price in January 2013. REAL COMP MLS JANUARY 2014
JANUARY 2014 3,335 JANUARY 2013 CLOSED TRANSACTIONS 4,087 18% 7000 6000 5000 4000 3,335 3000 2000 1000 0 The Market Trend Report for January showed a 25% decrease in the number of Closed Transactions over December and an 18% decrease over sales in January 2013. REAL COMP MLS JANUARY 2014
JANUARY 2014 59 JANUARY 2013 DAYS ON THE MARKET 69 14% 80 70 60 50 59 40 30 20 10 0 The average Days on the Market for all homes sold in January was 59. This is 4 days more than the average in December and 10 days less than the average in January 2013. REAL COMP MLS JANUARY 2014
JANUARY 2014 4.0 JANUARY 2013 4.7 MONTHS SUPPLY OF INVENTORY 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 15% 4 The number of Months Supply of Inventory at the end of January was 4.0 which is a 15% decrease over December and a 15% decrease from January 2013. REAL COMP 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 Real Comp 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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