2. MEDIAN SALES PRICE
WESTERN KY MLS
The Median Price for all homes sold in January was $110,000, which is 22% higher
than the median price in December and 31% higher than the median price in
January 2014.
JANUARY 2015
$110,000
$84,000
JANUARY 2015
JANUARY 2014
31%
$110,000
$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 January showed a 24% decrease in the number of
Closed Transactions over December and a 2% decrease over sales in January 2014.
JANUARY 2015
125
127
JANUARY 2015
JANUARY 2014
2%
125
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 January was 124. This is 4 days
more than the average in December and 12 days less than the average in January
2014.
JANUARY 2015
124
112
JANUARY 2015
JANUARY 2014
11%
124
20
40
60
80
100
120
140
5. MONTHS SUPPLY OF
INVENTORY
WESTERN KY MLS
The number of Months Supply of Inventory at the end of January was 9.3 which is
31% lower than December and a 3% decrease from January 2014.
JANUARY 2015
9.3
9.6
JANUARY 2015
JANUARY 2014
3%
9.3
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).
