2. MEDIAN SALES PRICE
GSMAR MLS
The Median Price for all homes sold in March was $168,000, which is 12% higher than the
median price in February and 20% higher than the median price in March 2014.
MARCH 2015
$168,000
$139,500
20%
MARCH 2015
MARCH 2014
$168,000
$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 March showed a 6% increase in the number of Closed
Transactions over February and a 30% increase over sales in March 2014.
MARCH 2015
179
138
30%
MARCH 2015
MARCH 2014
179
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 March was 215. This is 6 days less
than the average in February and 31 days more than the average in March 2014.
MARCH 2015
215
86
17%
MARCH 2015
MARCH 2014
215
110
160
210
260
310
360
5. MONTHS SUPPLY OF
INVENTORY
GSMAR MLS
The number of Months Supply of Inventory at the end of March was 11.5 which is 21%
lower than February and a 30% decrease from March 2014.
MARCH 2015
11.5
16.5
30%
MARCH 2015
MARCH 2014
11.5
10.0
12.0
14.0
16.0
18.0
20.0
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 Smokey 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).
