Savannah MLS Market Trend Report June 2013

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  • 1. SAVANNAH MLS JUNE 2013
  • 2. MEDIAN SALES PRICE SAVANNAH MLS The Median Price for all homes sold in June was $174,450, which is 3% less than the median price in May and 9% higher than the price in June 2012. JUNE 2013 JUNE 2012 $174,450 $159,400 9% JUNE 2013 $174,450 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000
  • 3. CLOSED TRANSACTIONS SAVANNAH MLS The Market Trend Report for June showed a 5% increase in the number of Closed Transactions over May and a %3 decrease over sales in June 2012. 2013 MAY 2012 436 449 3% JUNE 2013 JUNE 2013 JUNE 2012 436 0 50 100 150 200 250 300 350 400 450 500
  • 4. DAYS ON THE MARKET SAVANNAH MLS The average Days on the Market for all homes sold in June was 122. This is 10 days less than the average in May and 22 days less than the average in June 2012. 15% 122 144 JUNE 2013 JUNE 2012 JUNE 2013 122 0 20 40 60 80 100 120 140 160 180
  • 5. MONTHS SUPPLY OF INVENTORY SAVANNAH MLS The number of Months Supply of Inventory at the end of June was 5.5 which is equal to May and a 4% decrease from June 2012. 5.5 7.1 23% JUNE 2013 JUNE 2013 JUNE 2012 5.5 0.0 2.0 4.0 6.0 8.0 10.0 12.0
  • 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 Savannah 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).