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Augusta MLS April 2015 Market Trends


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Augusta MLS April 2015 Market Trends

  1. 1. AUGUSTA MLS APRIL 2015
  2. 2. MEDIAN SALES PRICE AUGUSTA MLS The Median Price for all homes sold in April was $154,490, which is no change from the median price in March and 8% higher than the median price in April 2014. APRIL 2015 APRIL 2015 $154,490 APRIL 2014 $143,400 8% $120,000 $130,000 $140,000 $150,000 $160,000 $170,000 $140,000
  3. 3. CLOSED TRANSACTIONS AUGUSTA MLS The Market Trend Report for April showed a 3% increase in the number of Closed Transactions over March and a 26% increase over sales in April 2014. APRIL 2015 573 454 26% APRIL 2015 APRIL 2014 0 100 200 300 400 500 600 700 573
  4. 4. DAYS ON THE MARKET AUGUSTA MLS The average Days on the Market for all homes sold in April was 147. This is 10 days less than the average in March and 10 days less than the average in April 2014. APRIL 2015 147 164 10% APRIL 2015 APRIL 2014 125 130 135 140 145 150 155 160 165 170 147
  5. 5. MONTHS SUPPLY OF INVENTORY AUGUSTA MLS The number of Months Supply of Inventory at the end of April was 4.5 which is 6% lower than March and a 29% decrease from April 2014. APRIL 2015 4.5 6.3 29% APRIL 2015 APRIL 2014 4.5 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0
  6. 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 Augusta 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).