2. MEDIAN SALES PRICE
GSMAR MLS
The Median Price for all homes sold in December was $139,900, which is 3% lower than
the median price in November and 8% higher than the median price in December 2013.
DECEMBER 2014
$139,900
$130,000
8%
DECEMBER 2014
DECEMBER 2013
$139,900
$90,000
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
3. CLOSED TRANSACTIONS
GSMAR MLS
The Market Trend Report for December showed an 18% increase in the number of
Closed Transactions over November and a 28% increase over sales in December 2013.
DECEMBER 2014
185
145
28%
DECEMBER 2014
DECEMBER 2013
185
120
130
140
150
160
170
180
190
200
210
220
4. DAYS ON THE MARKET
GSMAR MLS
The average Days on the Market for all homes sold in December was 192. This is 1 day
less than the average in November and 22 days more than the average in December
2013.
DECEMBER 2014
192
170
13%
DECEMBER 2014
DECEMBER 2013
192
110
160
210
260
310
360
5. MONTHS SUPPLY OF
INVENTORY
GSMAR MLS
The number of Months Supply of Inventory at the end of December was 17.3 which is
1% lower than November and a 5% decrease from December 2013.
DECEMBER 2014
17.3
18.3
5%
DECEMBER 2014
DECEMBER 2013
17.3
10.0
15.0
20.0
25.0
6. Description
The Market Trend Report is distributed each month on or about the 3rd.
The Report is based on data provided by Terradatum from the local
Greater Smoky Mountain Association of Realtors 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).
