2. MEDIAN SALES PRICE
ALBANY MLS
The Median Price for all homes sold in June was $133,000, which was 21% higher than
the median price in May and 7% higher than the price in June 2013.
JUNE 2014
JUNE 2013
$133,000
$124,000
7%
JUNE 2014
$70,000
$80,000
$90,000
$100,000
$110,000
$120,000
$130,000
3. CLOSED TRANSACTIONS
ALBANY MLS
The Market Trend Report for June showed a 5% decrease in the number of Closed
Transactions over May and 18% decrease over sales in June 2013.
83
101
18%
JUNE 2014
JUNE 2013
JUNE 2014
83
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 June was 105. This is 34 days less
than the average in May and 8 days less than the average in June 2013.
7%
105
113
JUNE 2014
JUNE 2013
JUNE 2014
105
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 June was 9.9 which is a 1%
increase from May and a 14% increase from June 2013.
9.9
8.7
14%
JUNE 2014
JUNE 2013
JUNE 2014
9.9
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).
