1. JULY 2014CENTRAL WEST TN MLS

2. MEDIAN SALES PRICE
CENTRAL WEST TN MLS
The Median Price for all homes sold in July was $118,000, which is 23% higher than
the median price in June and 15% higher than the price in July 2013.
JULY 2014
JULY 2013
$118,000
$102,500
15%
JULY 2014
118,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
Jul-13 Aug-13 Sep-13 Oct-13 Nov-
13
Dec-13 Jan-14 Feb-14 Mar-
14
Apr-14 May-
14
Jun-14 Jul-14

3. CLOSED TRANSACTIONS
CENTRAL WEST TN MLS
The Market Trend Report for July showed no change in the number of Closed
Transactions over June and a 7% decrease over sales in July 2013.
193
207
7%
JULY 2014
JULY 2013
JULY 2014
193
0
50
100
150
200
250
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-
14
Apr-14 May-
14
Jun-14 Jul-14

4. DAYS ON THE MARKET
CENTRAL WEST TN MLS
The average Days on the Market for all homes sold in July was 106. This is 8 days
more than the average in June and 11 days more than the average in July 2013.
12%
106
95
JULY 2014
JULY 2013
JULY 2014
106
0
20
40
60
80
100
120
140
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14Mar-14 Apr-14 May-
14
Jun-14 Jul-14

5. MONTHS SUPPLY OF
INVENTORY
CENTRAL WEST TN MLS
The number of Months Supply of Inventory at the end of July was 8.6 which a 6%
increase from June and a 15% increase from July 2013.
8.6
7.5
15%
JULY 2014
JULY 2013
JULY 2014
8.6
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14Mar-14 Apr-14 May-
14
Jun-14 Jul-14

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).