Market Trend Report, real estate, RE/MAX, September 2013, RE/MAX of Southern Ohio

1. CHATTANOOGA MLS
SEPTEMBER 2013

2. SEPTEMBER 2013
$137,500
SEPTEMBER 2012
MEDIAN SALES PRICE
$138,900
1%
$180,000
$160,000
$140,000
$137,500
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
The Median Price for all homes sold in September was $137,500, which is 5% lower
than the median price in August and 1% lower than the price in September 2012.
CHATTANOOGA MLS
SEPTEMBER 2013

3. 2013
SEPTEMBER 2013
609
MAY 2012
SEPTEMBER 2012
CLOSED TRANSACTIONS
517
18%
800
700
609
600
500
400
300
200
100
0
The Market Trend Report for September showed a 7% decrease in the number of
Closed Transactions over August and an 18% increase over sales in September
2012.
CHATTANOOGA MLS
SEPTEMBER 2013

4. SEPTEMBER 2013
132
SEPTEMBER 2012
DAYS ON THE MARKET
126
5%
145
140
135
130
132
125
120
115
The average Days on the Market for all homes sold in September was 132. This is 5
days more than the average in August and 6 days more than the average in
September 2012.
CHATTANOOGA MLS
SEPTEMBER 2013

5. SEPTEMBER 2013
7.8
SEPTEMBER 2012
9.4
MONTHS SUPPLY OF
INVENTORY
17%
12.0
10.0
8.0
6.0
7.8
4.0
2.0
0.0
The number of Months Supply of Inventory at the end of September was 7.8 which is
a 13% increase over August and a 17% decrease from September 2012.
CHATTANOOGA MLS
SEPTEMBER 2013

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).