Nashville MLS Market Trend Report June 2013
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Nashville MLS Market Trend Report June 2013

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Nashville MLS Market Trend Report June 2013 Nashville MLS Market Trend Report June 2013 Presentation Transcript

  • NASHVILLE MLS JUNE 2013
  • MEDIAN SALES PRICE NASHVILLE MLS The Median Price for all homes sold in June was $184,000, which is 6% higher than the median price in May and 12% higher than the price in June 2012. JUNE 2013 JUNE 2012 $184,000 $164,125 12% JUNE 2013 $184,000 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000
  • CLOSED TRANSACTIONS NASHVILLE MLS The Market Trend Report for June showed a 2% decrease in the number of Closed Transactions over May and a 12% increase over sales in June 2012. 2013 MAY 2012 3,315 2,968 12% JUNE 2013 JUNE 2013 JUNE 2012 3,315 0 500 1000 1500 2000 2500 3000 3500 4000
  • DAYS ON THE MARKET NASHVILLE MLS The average Days on the Market for all homes sold in June was 82. This is equal to the average in May and 5 days less than the average in June 2012. 6% 82 87 JUNE 2013 JUNE 2012 JUNE 2013 82 76 78 80 82 84 86 88 90 92 94 96
  • MONTHS SUPPLY OF INVENTORY NASHVILLE MLS The number of Months Supply of Inventory at the end of June was 3.3 which is a 3% decrease over May and a 49% decrease from June 2012. 3.3 6.5 49% JUNE 2013 JUNE 2013 JUNE 2012 3.3 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0
  • 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 Nashville 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).