Western Kentucky MLS Market Trend March 2014

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Information about Western Kentucky MLS Market Trend March 2014
Real Estate

Published on April 23, 2014

Author: marketingrmx

Source: slideshare.net

Description

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MARCH 2014WESTERN KY MLS

MEDIAN SALES PRICE WESTERN KY MLS The Median Price for all homes sold in March was $99,500, which is 21% more than the median sales price in February and 17% more than the median sales price in March 2013. MARCH 2014 MARCH 2013 $99,500 $85,000 17% MARCH 2014 $99,500 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000

CLOSED TRANSACTIONS WESTERN KY MLS The Market Trend Report for March showed a 13% increase in the number of Closed Transactions over February and an 11% decrease over sales in March 2013. 143 160 11% MARCH 2014 MARCH 2014 MARCH 2013 143 0 50 100 150 200 250

DAYS ON THE MARKET WESTERN KY MLS The average Days on the Market for all homes sold in March was 132. This is the 7 days more than the average from February and 9 days more than the average in March 2013. 7% 132 123 MARCH 2014 MARCH 2014 MARCH 2013 132 0 20 40 60 80 100 120 140

MONTHS SUPPLY OF INVENTORY WESTERN KY MLS The number of Months Supply of Inventory at the end of March was 7.6 which is a 28% decrease over February and a 10% decrease over March 2013. 7.6 8.4 10% MARCH 2014 MARCH 2014 MARCH 2013 7.6 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0

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 Western Kentucky 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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