2. MEDIAN SALES PRICE
SAVANNAH MLS
The Median Price for all homes sold in December was $177,000, which is 2% lower than
the median price in November and 2% higher than the median price in December
2013.
DECEMBER 2014
DECEMBER 2014 $177,000
DECEMBER 2013 $173,000
2%
$177,000
$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 December showed an 18% increase in the number of
Closed Transactions over November and a 31% increase over sales in December
2013.
DECEMBER 2014
487
371
31%
DECEMBER 2014
DECEMBER 2013
487
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 December was 135. This is 24
days more than the average in November and 2 days more than the average in
December 2013.
DECEMBER 2014
135
133
2%
DECEMBER 2014
DECEMBER 2013
135
0
20
40
60
80
100
120
140
160
5. MONTHS SUPPLY OF
INVENTORY
SAVANNAH MLS
The number of Months Supply of Inventory at the end of December was 6.8 which is
21% lower than November and a 17% decrease from December 2013.
DECEMBER 2014
6.8
8.2
17%
DECEMBER 2014
DECEMBER 2013
6.8
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
6. Description
The Market Trend Report is distributed each month on or about the 15rd.
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).
