2. MEDIAN SALES PRICE
NASHVILLE MLS
The Median Price for all homes sold in March was $191,620, which is 4% higher than the
median price in February and 16% higher than the median price in March 2014.
MARCH 2015
$191,620
$164,900
16%
MARCH 2015
MARCH 2014
$191,620
$145,000
$150,000
$155,000
$160,000
$165,000
$170,000
$175,000
$180,000
$185,000
$190,000
$195,000
$200,000
3. CLOSED TRANSACTIONS
NASHVILLE MLS
The Market Trend Report for March showed a 46% increase in the number of Closed
Transactions over February and a 50% increase over sales in March 2014.
MARCH 2015
3,089
2,058
50%
MARCH 2015
MARCH 2014
3,089
0
500
1000
1500
2000
2500
3000
3500
4000
4. DAYS ON THE MARKET
NASHVILLE MLS
The average Days on the Market for all homes sold in March was 80. This is 6 days less
than the average in February and 10 days less than the average in March 2014.
MARCH 2015
80
90
11%
MARCH 2015
MARCH 2014
80
0
10
20
30
40
50
60
70
80
90
100
5. MONTHS SUPPLY OF
INVENTORY
NASHVILLE MLS
The number of Months Supply of Inventory at the end of March was 2.2 which is 33%
lower than February and a 41% increase from March 2014.
MARCH 2015
2.2
3.7
41%
MARCH 2015
MARCH 2014
2.2
0.0
1.0
2.0
3.0
4.0
5.0
6.0
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
Nashville 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).
