2. MEDIAN SALES PRICE
MEMPHIS MLS
The Median Price for all homes sold in July was $150,000, which is no change from
the median price in June and 8% higher than the price in July 2013.
JULY 2014
JULY 2013
$150,000
$139,000
8%
JULY 2014
$150,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$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
MEMPHIS MLS
The Market Trend Report for July showed a 1% decrease in the number of Closed
Transactions over June and a 7% decrease over sales in July 2013.
1,135
1,227
7%
JULY 2014
JULY 2013
JULY 2014
1,135
0
200
400
600
800
1000
1200
1400
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
MEMPHIS MLS
The average Days on the Market for all homes sold in July was 70. This is 5 days less
than the average in June and 18 days less than the average in July 2013.
20%
70
88
JULY 2014
JULY 2013
JULY 2014
70
0
10
20
30
40
50
60
70
80
90
100
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14Mar-14 Apr-14 May-
14
Jun-14 Jul-14
5. MONTHS SUPPLY OF
INVENTORY
MEMPHIS MLS
The number of Months Supply of Inventory at the end of July was 5.4 which is a
671% increase from June and an 8% increase from July 2013.
5.4
5.0
8%
JULY 2014
JULY 2013
JULY 2014
5.4
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14Mar-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
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).
