1. SAVANNAH MLS JUNE 2014

2. MEDIAN SALES PRICE
SAVANNAH MLS
The Median Price for all homes sold in June was $180,000, which was 2% higher than the
median price in May and 3% higher than the price in June 2013.
JUNE 2014
JUNE 2013
$180,000
$174,450
3%
JUNE 2014
$180,000
$140,000
$145,000
$150,000
$155,000
$160,000
$165,000
$170,000
$175,000
$180,000
$185,000

3. CLOSED TRANSACTIONS
SAVANNAH MLS
The Market Trend Report for June showed an 8% increase in the number of Closed
Transactions over May and 30% increase over sales in June 2013.
565
436
30%
JUNE 2014
JUNE 2013
JUNE 2014
565
0
100
200
300
400
500
600

4. DAYS ON THE MARKET
SAVANNAH MLS
The average Days on the Market for all homes sold in June was 115. This is 2 days more
than the average in May and 7 days less than the average in June 2013.
6%
115
122
JUNE 2014
JUNE 2013
JUNE 2014
115
0
20
40
60
80
100
120
140

5. MONTHS SUPPLY OF
INVENTORY
SAVANNAH MLS
The number of Months Supply of Inventory at the end of June was 5.6 which is a 10%
increase from May and a 2% increase from June 2013.
5.6
5.5
2%
JUNE 2014
JUNE 2013
JUNE 2014
5.6
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 Savannah
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).