2. MEDIAN SALES PRICE
MEMPHIS MLS
The Median Price for all homes sold in February was $127,000, which is 12% lower than the
median price in January and 9% higher than the median price in February 2014.
FEBRUARY 2015
$127,000
$117,000
9%
FEBRUARY 2015
FEBRUARY 2014
$127,000
$90,000
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
3. CLOSED TRANSACTIONS
MEMPHIS MLS
The Market Trend Report for February showed a 23% decrease in the number of Closed
Transactions over January and a 5% increase over sales in February 2014.
FEBRUARY 2015
707
671
5%
FEBRUARY 2015
FEBRUARY 2014
707
0
200
400
600
800
1000
1200
4. DAYS ON THE MARKET
MEMPHIS MLS
The average Days on the Market for all homes sold in February was 81. This is 4 days
more than the average in January and 5 days less than the average in February 2014.
FEBRUARY 2015
81
86
6%
FEBRUARY 2015
FEBRUARY 2014
81
0
10
20
30
40
50
60
70
80
90
100
5. MONTHS SUPPLY OF
INVENTORY
MEMPHIS MLS
The number of Months Supply of Inventory at the end of February was 5.9 which is 24%
lower than January and a 7% increase from February 2014.
FEBRUARY 2015
5.9
5.5
7%
FEBRUARY 2015
FEBRUARY 2014
5.9
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
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
Memphis 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).
