2. MEDIAN SALES PRICE
GSMAR MLS
The Median Price for all homes sold in April was $154,000, which is 8% lower than the
median price in March and 10% higher than the median price in April 2014.
APRIL 2015
$154,000
$140,000
10%
APRIL 2015
APRIL 2014
$154,000
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
3. CLOSED TRANSACTIONS
GSMAR MLS
The Market Trend Report for April showed an 8% increase in the number of Closed
Transactions over March and an 18% increase over sales in April 2014.
APRIL 2015
193
163
18%
APRIL 2015
APRIL 2014
193
120
130
140
150
160
170
180
190
200
210
220
4. DAYS ON THE MARKET
GSMAR MLS
The average Days on the Market for all homes sold in April was 190. This is 25 days less
than the average in March and 14 days more than the average in April 2014.
APRIL 2015
190
176
8%
APRIL 2015
APRIL 2014
190
100
120
140
160
180
200
220
240
5. MONTHS SUPPLY OF
INVENTORY
GSMAR MLS
The number of Months Supply of Inventory at the end of April was 10.1 which is 12%
lower than March and a 27% decrease from April 2014.
APRIL 2015
10.1
13.9
27%
APRIL 2015
APRIL 2014
10.1
5.0
7.0
9.0
11.0
13.0
15.0
17.0
19.0
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
Greater Smoky Mountains Association of Realtors 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).
