1. ALBANY MLS APRIL 2014

2. MEDIAN SALES PRICE
ALBANY MLS
The Median Price for all homes sold in April was $120,000, which was 12% higher
than the median price in March and 14% higher than the price in April 2013.
APRIL 2014
APRIL 2013
$120,000
$105,000
14%
APRIL 2014
$120,000
$70,000
$80,000
$90,000
$100,000
$110,000
$120,000
$130,000

3. CLOSED TRANSACTIONS
ALBANY MLS
The Market Trend Report for April showed a 9% decrease in the number of Closed
Transactions over March and 23% decrease over sales in April 2013.
75
97
23%
APRIL 2014
APRIL 2013
APRIL 2014
75
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150

4. DAYS ON THE MARKET
ALBANY MLS
The average Days on the Market for all homes sold in April was 123. This is 1 day
less than the average in March and 20 days less than the average in April 2013.
14%
123
143
APRIL 2014
APRIL 2013
APRIL 2014
123
90
140
190
240
290
340
390

5. MONTHS SUPPLY OF
INVENTORY
ALBANY MLS
The number of Months Supply of Inventory at the end of April was 10.2 which is a 7%
increase from March and a 13% decrease from April 2013.
10.2
11.7
13%
APRIL 2014
APRIL 2013
APRIL 2014
10.2
5.0
8.0
11.0
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
Albany 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).