The median home sales price in Chattanooga in December 2014 was $148,800, 1% lower than November but 7% higher than December 2013. The number of closed home sales transactions increased 11% compared to November and 3% compared to the previous December. The average days on the market for homes sold was 135 days, down 7 days from November and 3 days from December 2013. The months supply of inventory was 7.4 months at the end of December, a 30% decrease from November and 24% lower than December 2013.

1. DECEMBER 2014CHATTANOOGA MLS

2. MEDIAN SALES PRICE
CHATTANOOGA MLS
The Median Price for all homes sold in December was $148,800, which is 1% lower than
the median price in November and 7% higher than the median price in December 2013.
DECEMBER 2014
$148,800
$138,500
7%
DECEMBER 2014
DECEMBER 2013
$148,800
$125,000
$130,000
$135,000
$140,000
$145,000
$150,000
$155,000
$160,000

3. CLOSED TRANSACTIONS
CHATTANOOGA MLS
The Market Trend Report for December showed a 11% increase in the number of Closed
Transactions over November and a 3% increase over sales in December 2013.
DECEMBER 2014
574
556
3%
DECEMBER 2014
DECEMBER 2013
574
0
100
200
300
400
500
600
700
800

4. DAYS ON THE MARKET
CHATTANOOGA MLS
The average Days on the Market for all homes sold in December was 135. This is 7 days
less than the average in November and 3 days less than the average in December
2013.
DECEMBER 2014
135
138
2%
DECEMBER 2014
DECEMBER 2013
135
105
110
115
120
125
130
135
140
145
150

5. MONTHS SUPPLY OF
INVENTORY
CHATTANOOGA MLS
The number of Months Supply of Inventory at the end of December was 7.4 which is
30% lower than November and a 24% decrease from December 2013.
DECEMBER 2014
7.4
9.7
24%
DECEMBER 2014
DECEMBER 2013
7.4
0.0
2.0
4.0
6.0
8.0
10.0
12.0

6. Description
The Market Trend Report is distributed each month on or about the 3rd.
The Report is based on data provided by Terradatum from the local
Chattanooga 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).