1. JULY 2014GSMAR MLS

2. MEDIAN SALES PRICE
GSMAR MLS
The Median Price for all homes sold in July was $147,900, which is 4% higher than the
median price in June and 6% higher than the price in July 2013.
JULY 2014
JULY 2013
$147,900
$139,750
6%
JULY 2014
147,900
$90,000
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
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
GSMAR MLS
The Market Trend Report for July showed a 24% increase in the number of Closed
Transactions over June and a 20% increase over sales in July 2013.
219
183
20%
JULY 2014
JULY 2013
JULY 2014
219
120
130
140
150
160
170
180
190
200
210
220
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
GSMAR MLS
The average Days on the Market for all homes sold in July was 172. This is 8 days less
than the average in June and 10 days less than the average in July 2013.
5%
172
182
JULY 2014
JULY 2013
JULY 2014
172
110
160
210
260
310
360
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

5. MONTHS SUPPLY OF
INVENTORY
GSMAR MLS
The number of Months Supply of Inventory at the end of July was 14.3 which a 9% increase
from June and a 5% decrease from July 2013.
14.3
15.0
5%
JULY 2014
JULY 2013
JULY 2014
14.3
10.0
15.0
20.0
25.0
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

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
Mountain 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).