2. MEDIAN SALES PRICE
CENTRAL WEST TN MLS
The Median Price for all homes sold in March was $93,000, which is 13% higher than the
median price in February and 7% higher than the median price in March 2014.
MARCH 2015
$93,000
$86,950
7%
MARCH 2015
MARCH 2014
$93,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
3. CLOSED TRANSACTIONS
CENTRAL WEST TN MLS
The Market Trend Report for March showed a 58% increase in the number of Closed
Transactions over February and a 45% increase over sales in March 2014.
MARCH 2015
209
144
45%
MARCH 2015
MARCH 2014
209
0
50
100
150
200
250
4. DAYS ON THE MARKET
CENTRAL WEST TN MLS
The average Days on the Market for all homes sold in March was 112. This is 9 days less
than the average in February and 3 days more than the average in March 2014.
MARCH 2015
112
109
3%
MARCH 2015
MARCH 2014
112
80
90
100
110
120
130
140
5. MONTHS SUPPLY OF
INVENTORY
CENTRAL WEST TN MLS
The number of Months Supply of Inventory at the end of March was 6.2 which is 27%
lower than February and a 26% decrease from March 2014.
MARCH 2015
6.2
8.4
26%
MARCH 2015
MARCH 2014
6.2
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
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
Central West Tennessee 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).
