2. MEDIAN SALES PRICE
GSMAR MLS
The Median Price for all homes sold in September was $157,450, which is 2% higher than the median price in August and 21% higher than the price in September 2013.
SEPTEMBER 2014
SEPTEMBER 2013
$157,450
$129,950
21%
SEPTEMBER 2014
157,450
$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 September showed a 16% decrease in the number of Closed Transactions over August and a 7% decrease over sales in September 2013.
164
176
7%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
164
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 September was 214. This is 34 days more than the average in August and 45 days more than the average in September 2013.
27%
214
169
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
214
110
160
210
260
310
360
5. MONTHS SUPPLY OF
INVENTORY
GSMAR MLS
The number of Months Supply of Inventory at the end of September was 16.5 which is 11% higher than August and 15% higher than September 2013.
16.5
14.4
15%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
16.5
10.0
15.0
20.0
25.0
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 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).
