The median home sales price in Knoxville was $150,000 in April 2015, 1% lower than March but 7% higher than April 2014. The number of closed home sales transactions increased 3% compared to March and 22% compared to April 2014. The average days on the market was 104 days, unchanged from April 2014. The months supply of inventory was 5.8 months, down 6% from March and 24% lower than April 2014.

1. APRIL 2015KNOXVILLE MLS

2. MEDIAN SALES PRICE
KNOXVILLE MLS
The Median Price for all homes sold in April was $150,000, which is 1% lower than the
median price in March and 7% higher than the median price in April 2014.
APRIL 2015
$150,000
$139,900
7%
APRIL 2015
APRIL 2014
$150,000
$130,000
$135,000
$140,000
$145,000
$150,000
$155,000
$160,000
$165,000

3. CLOSED TRANSACTIONS
KNOXVILLE MLS
The Market Trend Report for April showed a 3% increase in the number of Closed
Transactions over March and a 22% increase over sales in April 2014.
APRIL 2015
1,134
927
22%
APRIL 2015
APRIL 2014
1,134
0
200
400
600
800
1000
1200
1400

4. DAYS ON THE MARKET
KNOXVILLE MLS
The average Days on the Market for all homes sold in April was 104. This is 7 days less
than the average in March and no change from the average in April 2014.
APRIL 2015
104
104 0%
APRIL 2015
APRIL 2014
104
85
90
95
100
105
110
115

5. MONTHS SUPPLY OF
INVENTORY
KNOXVILLE MLS
The number of Months Supply of Inventory at the end of April was 5.8 which is 6% lower
than March and a 24% decrease from April 2014.
APRIL 2015
5.8
7.6
24%
APRIL 2015
APRIL 2014
5.8
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 15th.
The Report is based on data provided by Terradatum from the local
Knoxville 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).