Northeast Georgia MLS Market Trend Report June 2013
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Northeast Georgia MLS Market Trend Report June 2013

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Presented by RE/MAX of Georgia. ...

Presented by RE/MAX of Georgia.
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    Northeast Georgia MLS Market Trend Report June 2013 Northeast Georgia MLS Market Trend Report June 2013 Presentation Transcript

    • NORTHEAST GA MLS JUNE 2013
    • MEDIAN SALES PRICE NORTHEAST GA MLS The Median Price for all homes sold in June was $140,000, which was 4% less than the median price in May and 4% higher than the price in June 2012. JUNE 2013 JUNE 2012 $140,000 $134,500 4% JUNE 2013 $140,000 $120,000 $125,000 $130,000 $135,000 $140,000 $145,000 $150,000
    • CLOSED TRANSACTIONS NORTHEAST GA MLS The Market Trend Report for June showed a 6% decrease in the number of Closed Transactions over May and a 10% decrease over sales in June 2012. 2013 MAY 2012 188 209 10% JUNE 2013 JUNE 2013 JUNE 2012 188 0 50 100 150 200 250
    • DAYS ON THE MARKET NORTHEAST GA MLS The average Days on the Market for all homes sold in June was 166. This is 12 days less than the average in May and 7 days higher than the average in June 2012. 4% 166 159 JUNE 2013 JUNE 2012 JUNE 2013 166 0 50 100 150 200 250
    • MONTHS SUPPLY OF INVENTORY NORTHEAST GA MLS The number of Months Supply of Inventory at the end of June was 14.3 which is a 3% decrease over May and a 20% decrease from June 2012. 14.3 17.8 20% JUNE 2013 JUNE 2013 JUNE 2012 14.3 0.0 5.0 10.0 15.0 20.0 25.0
    • 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 Northeast Georgia 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).