1. ALBANY MLS JANUARY 2015

2. MEDIAN SALES PRICE
ALBANY MLS
The Median Price for all homes sold in January was $90,000, which is 22% lower than the
median price in December and 12% higher than the median price in January
201444444444.
JANUARY 2015
JANUARY 2015 $90,000
JANUARY 2014 $79,000
14%
$-
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$90,000

3. CLOSED TRANSACTIONS
ALBANY MLS
The Market Trend Report for January showed a 15% decrease in the number of
Closed Transactions over December and a 3% increase over sales in January 2014.
JANUARY 2015
57
59
3%
JANUARY 2015
JANUARY 2014
57
50
55
60
65
70
75
80
85
90
95
100
105
110
115

4. DAYS ON THE MARKET
ALBANY MLS
The average Days on the Market for all homes sold in January was 123. This is 46 days
less than the average in December and 45 days less than the average in January
2014.
JANUARY 2014
123
168
27%
JANUARY 2015
JANUARY 2014
123
50
70
90
110
130
150
170

5. MONTHS SUPPLY OF
INVENTORY
ALBANY MLS
The number of Months Supply of Inventory at the end of January was 9.6 which is 23%
lower than December and a 26% decrease from January 2014.
JANUARY 2015
9.6
12.9
26%
JANUARY 2015
JANUARY 2014
9.6
5.0
6.0
7.0
8.0
9.0
10.0
11.0
12.0
13.0
14.0
15.0
16.0

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).