2. MEDIAN SALES PRICE
SAVANNAH MLS
The Median Price for all homes sold in March was $191,098, which is 9% higher than the
median price in February and 12% higher than the median price in March 2014.
MARCH 2015
MARCH 2015 $191,098
MARCH 2014 $170,000
12%
$191,098
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
3. CLOSED TRANSACTIONS
SAVANNAH MLS
The Market Trend Report for March showed a 29% increase in the number of
Closed Transactions over February and a 39% increase over sales in March 2014.
MARCH 2015
550
397
39%
MARCH 2015
MARCH 2014
550
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 March was 127. This is 1 day
more than the average in February and 15 days more than the average in March
2014.
MARCH 2015
127
112
13%
MARCH 2015
MARCH 2014
127
80
90
100
110
120
130
140
5. MONTHS SUPPLY OF
INVENTORY
SAVANNAH MLS
The number of Months Supply of Inventory at the end of March was 4.7 which is 19%
lower than February and a 16% decrease from March 2014.
MARCH 2015
4.7
5.6
16%
MARCH 2015
MARCH 2014
4.7
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).
