1. NE GEORGIA MLS MARCH 2014

2. MEDIAN SALES PRICE
NE GEORGIA MLS
The Median Price for all homes sold in March was $142,500, which was 10% lower
than the median price in February and 6% higher than the price in March 2013.
MARCH 2014
MARCH 2013
$142,500
$135,000
6%
MARCH 2014
$142,500
$120,000
$125,000
$130,000
$135,000
$140,000
$145,000
$150,000
$155,000
$160,000

3. CLOSED TRANSACTIONS
NE GEORGIA MLS
The Market Trend Report for March showed a 27% increase in the number of
Closed Transactions over February and 8% decrease over sales in March 2013.
177
192
8%
MARCH 2014
MARCH 2013
MARCH 2014
177
0
50
100
150
200
250

4. DAYS ON THE MARKET
NE GEORGIA MLS
The average Days on the Market for all homes sold in March was 190. This is 47
days more than the average in February and 19 days more than the average in
March 2013.
11%
190
171
MARCH 2014
MARCH 2013
MARCH 2014
190
0
50
100
150
200
250

5. MONTHS SUPPLY OF
INVENTORY
NE GEORGIA MLS
The number of Months Supply of Inventory at the end of March was 14.1 which is a
13% decrease from February and an 8% increase from March 2013.
14.1
13.0
8%
MARCH 2014
MARCH 2013
MARCH 2014
14.1
0.0
5.0
10.0
15.0
20.0
25.0

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
Northeast Georgia 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).