2. MEDIAN SALES PRICE
CHATTANOOGA MLS
The Median Price for all homes sold in September was $153,500, which is 4% higher than the median price in August and 12% higher than the price in September 2013.
SEPTEMBER 2014
SEPTEMBER 2013
$153,500
$137,500
12%
SEPTEMBER 2014
$153,500
$120,000
$125,000
$130,000
$135,000
$140,000
$145,000
$150,000
$155,000
$160,000
3. CLOSED TRANSACTIONS
CHATTANOOGA MLS
The Market Trend Report for September showed a 4% decrease in the number of Closed Transactions over August and a 4% increase over sales in September 2013.
633
609
4%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
633
0
100
200
300
400
500
600
700
800
4. DAYS ON THE MARKET
CHATTANOOGA MLS
The average Days on the Market for all homes sold in September was 121. This is 9 days less than the average in August and 11 days less than the average in September 2013.
8%
121
132
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
121
0
20
40
60
80
100
120
140
160
5. MONTHS SUPPLY OF
INVENTORY
CHATTANOOGA MLS
The number of Months Supply of Inventory at the end of September was 7.3 which is 6% higher than August and 6% less than September 2013.
7.3
7.8
6%
SEPTEMBER 2014
SEPTEMBER 2013
SEPTEMBER 2014
7.3
0.0
2.0
4.0
6.0
8.0
10.0
12.0
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 Chattanooga 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).
