The median home sales price in Nashville in July 2014 was $194,000, a 1% decrease from June but 7% higher than July 2013. The number of closed home sales transactions in July 2014 saw no change from June but a 5% increase from July 2013. The average days on the market for homes sold in July was 74 days, down 1 day from June and 5 days lower than July 2013. The number of months of inventory available at the end of July was 2.7 months, unchanged from June but a 13% decrease from July 2013.

1. JULY 2014NASHVILLE MLS

2. MEDIAN SALES PRICE
NASHVILLE MLS
The Median Price for all homes sold in July was $194,000, which is 1% lower than
the median price in June and 7% higher than the price in July 2013.
JULY 2014
JULY 2013
$194,000
$182,000
7%
JULY 2014
$194,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
Jul-13 Aug-13Sep-13Oct-13 Nov-
13
Dec-13 Jan-14 Feb-14 Mar-
14
Apr-14 May-
14
Jun-14 Jul-14

3. CLOSED TRANSACTIONS
NASHVILLE MLS
The Market Trend Report for July showed no increase in the number of Closed
Transactions over June and a 5% increase over sales in July 2013.
3,643
3,469
5%
JULY 2014
JULY 2013
JULY 2014
3,643
0
500
1000
1500
2000
2500
3000
3500
4000
Jul-13 Aug-13Sep-13 Oct-13Nov-13Dec-13 Jan-14 Feb-14 Mar-
14
Apr-14 May-
14
Jun-14 Jul-14

4. DAYS ON THE MARKET
NASHVILLE MLS
The average Days on the Market for all homes sold in July was 74. This is 1 day less
than the average in June and 5 days less than the average in July 2013.
6%
74
79
JULY 2014
JULY 2013
JULY 2014
74
0
10
20
30
40
50
60
70
80
90
100
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13Dec-13 Jan-14 Feb-14Mar-14Apr-14 May-
14
Jun-14 Jul-14

5. MONTHS SUPPLY OF
INVENTORY
NASHVILLE MLS
The number of Months Supply of Inventory at the end of July was 2.7 which is no
change from June and a 13% decrease from July 2013.
2.7
3.1
13%
JULY 2014
JULY 2013
JULY 2014
2.7
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13Dec-13 Jan-14 Feb-14Mar-14Apr-14 May-
14
Jun-14 Jul-14

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
Nashville 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).