2. MEDIAN SALES PRICE
WESTERN KY MLS
The Median Price for all homes sold in April was $105,000, which is no change from
the median price in March and 6% higher than the median price in April 2014.
APRIL 2015
$105,000
$99,500
APRIL 2015
APRIL 2014
6%
$105,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
3. CLOSED TRANSACTIONS
WESTERN KY MLS
The Market Trend Report for April showed a 5% decrease in the number of Closed
Transactions over March and a 16% increase over sales in April 2014.
APRIL 2015
166
143
APRIL 2015
APRIL 2014
16%
166
0
50
100
150
200
250
4. DAYS ON THE MARKET
WESTERN KY MLS
The average Days on the Market for all homes sold in April was 156. This is 13 days
more than the average in March and 24 days more than the average in April 2014.
APRIL 2015
156
132
APRIL 2015
APRIL 2014
18%
156
20
40
60
80
100
120
140
160
180
5. MONTHS SUPPLY OF
INVENTORY
WESTERN KY MLS
The number of Months Supply of Inventory at the end of April was 6.6 which is 24%
lower than March and a 13% decrease from April 2014.
APRIL 2015
6.6
7.6
APRIL 2015
APRIL 2014
13%
6.6
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
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
Western Kentucky 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).
