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1. FEBRUARY 2014CENTRAL WEST TN MLS

2. MEDIAN SALES PRICE
CENTRAL WEST TN MLS
The Median Price for all homes sold in February was $86,950, which is 2% lower
than the median price in January and 2% higher than the price in February 2013.
FEBRUARY 2014
FEBRUARY 2013
$86,950
$85,000
2%
FEBRUARY 2014
86,950
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000

3. CLOSED TRANSACTIONS
CENTRAL WEST TN MLS
The Market Trend Report for February showed an 9% decrease in the number of
Closed Transactions over January and a 4% decrease over sales in February 2013.
144
150
4%
FEBRUARY 2014
FEBRUARY 2013
FEBRUARY 2014
144
0
50
100
150
200
250

4. DAYS ON THE MARKET
CENTRAL WEST TN MLS
The average Days on the Market for all homes sold in February was 109. This is 1
day less than the average in January and 36 days less than the average in
February 2013.
25%
109
145
FEBRUARY 2014
FEBRUARY 2013
FEBRUARY 2014
109
0
20
40
60
80
100
120
140
160

5. MONTHS SUPPLY OF
INVENTORY
CENTRAL WEST TN MLS
The number of Months Supply of Inventory at the end of February was 8.4 which is a
9% decrease over January and a 2% increase from February 2013.
8.4
8.2
5%
FEBRUARY 2014
FEBRUARY 2013
FEBRUARY 2014
8.4
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0

6. 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
Central West Tennessee 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).