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. DECEMBER 2014KNOXVILLE MLS

2. MEDIAN SALES PRICE
KNOXVILLE MLS
The Median Price for all homes sold in December was $158,000, which is 8% higher than
the median price in November and 9% higher than the median price in December 2013.
DECEMBER 2014
$158,000
$145,000
9%
DECEMBER 2014
DECEMBER 2013
$158,000
$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 December showed a 15% increase in the number of Closed
Transactions over November and a 23% increase over sales in December 2013.
DECEMBER 2014
1,005
818
23%
DECEMBER 2014
DECEMBER 2013
1,005
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 December was 79. This is 9 days
more than the average in November and 2 days less than the average in December
2013.
DECEMBER 2014
112
114
2%
DECEMBER 2014
DECEMBER 2013
112
85
90
95
100
105
110
115
120

5. MONTHS SUPPLY OF
INVENTORY
KNOXVILLE MLS
The number of Months Supply of Inventory at the end of December was 10.0 which is
2% lower than November and a 23% decrease from December 2013.
DECEMBER 2014
10.0
13.0
23%
DECEMBER 2014
DECEMBER 2013
10.0
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 3rd.
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).