The median home sales price in February 2015 was $82,000, down 30% from January 2015 and 7% lower than February 2014. The number of closed home sales transactions was 132, a 20% decrease from January 2015 and unchanged from February 2014. The average days on the market for homes sold was 121 days, 10 days more than January 2015 and 11 days more than February 2014. The months supply of inventory was 8.5 months, down 34% from January 2015 and 8% lower than February 2014.

1. FEBRUARY 2015CENTRAL WEST TN MLS

2. MEDIAN SALES PRICE
CENTRAL WEST TN MLS
The Median Price for all homes sold in February was $82,000, which is 30% lower than the
median price in January and 7% lower than the median price in February 2014.
FEBRUARY 2015
$82,000
$88,500
7%
FEBRUARY 2015
FEBRUARY 2014
$82,000
$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 February showed a 20% decrease in the number of Closed
Transactions over January and no change from February 2014.
FEBRUARY 2015
132
132
0%
FEBRUARY 2015
FEBRUARY 2014
132
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 February was 121. This is 10 days
more than the average in January and 11 days more than the average in February
2014.
FEBRUARY 2015
121
110
10%
FEBRUARY 2015
FEBRUARY 2014
121
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 February was 8.5 which is 34%
lower than January and an 8% decrease from February 2014.
FEBRUARY 2015
8.5
9.2
8%
FEBRUARY 2015
FEBRUARY 2014
8.5
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).