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1. SEPTEMBER 2014
CENTRAL WEST TN MLS

2. MEDIAN SALES PRICE
CENTRAL WEST TN MLS
The Median Price for all homes sold in September was $99,000, which is 14% lower than the median price in August and 4% lower than the price in September 2013.
SEPTEMBER 2014
SEPTEMBER 2013
$99,000
$103,000
4%
SEPTEMBER 2014
99,000
$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 September showed a 12% decrease in the number of Closed Transactions over August and a 9% decrease over sales in September 2013.
175
192
9%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
175
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 September was 98. This is 6 days less than the average in August and 4 days more than the average in September 2013.
4%
98
94
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
98
0
20
40
60
80
100
120
140

5. MONTHS SUPPLY OF
INVENTORY
CENTRAL WEST TN MLS
The number of Months Supply of Inventory at the end of September was 7.6 which is 16% less than August and an 18% decrease from September 2013.
7.6
9.3
18%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
7.6
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).