2. MEDIAN SALES PRICE
KNOXVILLE MLS
The Median Price for all homes sold in January was $145,000, which is 8% lower than the
median price in December and 12% higher than the median price in January 2014.
JANUARY 2015
$145,000
$129,000
12%
JANUARY 2015
JANUARY 2014
$145,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
3. CLOSED TRANSACTIONS
KNOXVILLE MLS
The Market Trend Report for January showed a 28% decrease in the number of Closed
Transactions over December and a 19% increase over sales in January 2014.
JANUARY 2015
726
611
19%
JANUARY 2015
JANUARY 2014
726
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 January was 110. This is 2 days
less than the average in December and 5 days more than the average in January
2014.
JANUARY 2015
110
105
5%
JANUARY 2015
JANUARY 2014
110
85
90
95
100
105
110
115
120
5. MONTHS SUPPLY OF
INVENTORY
KNOXVILLE MLS
The number of Months Supply of Inventory at the end of January was 7.7 which is 23%
lower than December and a n 18% decrease from January 2014.
JANUARY 2015
7.7
9.4
18%
JANUARY 2015
JANUARY 2014
7.7
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).
