Presented by RE/MAX of Tennessee. Make Your Move with the #1 Name in Real Estate. Go to remax-tennessee.com or Call 1-877-345-REMAX to connect to an agent about buying a home or selling your home in today’s market.

1. FEBRUARY 2014KNOXVILLE MLS

2. MEDIAN SALES PRICE
KNOXVILLE MLS
The Median Price for all homes sold in February was $135,900, which is 5% higher
than the median price in January and 1% higher than the price in February 2013.
FEBRUARY 2014
FEBRUARY 2013
$135,900
$134,000
1%
FEBRUARY 2014
$135,900
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000

3. CLOSED TRANSACTIONS
KNOXVILLE MLS
The Market Trend Report for February showed a 19% increase in the number of
Closed Transactions over January and a 2% decrease over sales in February 2013.
729
741
2%
FEBRUARY 2014
FEBRUARY 2013
FEBRUARY 2014
729
0
200
400
600
800
1000
1200
1400

4. DAYS ON THE MARKET
KNOXVILLE MLS
The average Days on the Market for all homes sold in February was 115. This is 10
days more than the average in January and 5 days less than the average in
February 2013.
4%
115
120
FEBRUARY 2014
FEBRUARY 2013
FEBRUARY 2014
115
0
20
40
60
80
100
120
140

5. MONTHS SUPPLY OF
INVENTORY
KNOXVILLE MLS
The number of Months Supply of Inventory at the end of February was 8.1 which is a
14% decrease over January and a 30% decrease from February 2013.
8.1
11.5
30%
FEBRUARY 2014
FEBRUARY 2013
FEBRUARY 2014
8.1
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
Knoxville 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).