The median home sales price in April 2015 was $105,450, which was 13% higher than March 2015 and 13% higher than April 2014. The number of closed home transactions decreased 5% from March 2015 but increased 19% from April 2014. The average days on the market for homes sold was 113 days, which was 1 day more than March 2015 and 13 days more than April 2014. The months supply of inventory was 6.7 months at the end of April 2015, which was 8% higher than March 2015 but 9% lower than April 2014.

1. APRIL 2015CENTRAL WEST TN MLS

2. MEDIAN SALES PRICE
CENTRAL WEST TN MLS
The Median Price for all homes sold in April was $105,450, which is 13% higher than the
median price in March and 13% higher than the median price in April 2014.
APRIL 2015
$105,450
$93,000
13%
APRIL 2015
APRIL 2014
$ 105,450
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000

3. CLOSED TRANSACTIONS
CENTRAL WEST TN MLS
The Market Trend Report for April showed a 5% decrease in the number of Closed
Transactions over March and a 19% increase over sales in April 2014.
APRIL 2015
198
167
19%
APRIL 2015
APRIL 2014
198
0
50
100
150
200
250

4. DAYS ON THE MARKET
CENTRAL WEST TN MLS
The average Days on the Market for all homes sold in April was 113. This is 1 day more
than the average in March and 13 days more than the average in April 2014.
APRIL 2015
113
100
13%
APRIL 2015
APRIL 2014
113
80
90
100
110
120
130
140

5. MONTHS SUPPLY OF
INVENTORY
CENTRAL WEST TN MLS
The number of Months Supply of Inventory at the end of April was 6.7 which is 8% higher
than March and a 9% decrease from April 2014.
APRIL 2015
6.7
7.4
9%
APRIL 2015
APRIL 2014
6.7
0.0
2.0
4.0
6.0
8.0
10.0
12.0
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
Central West Tennessee 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).