2. MEDIAN SALES PRICE
NE GEORGIA MLS
The Median Price for all homes sold in January was $139,950, which is 8% lower than the
median price in December and 5% lower than the median price in January 2014.
JANUARY 2015
JANUARY 2015 $139,950
JANUARY 2014 $148,000
5%
$139,950
$125,000
$130,000
$135,000
$140,000
$145,000
$150,000
$155,000
$160,000
$165,000
$170,000
3. CLOSED TRANSACTIONS
NE GEORGIA MLS
The Market Trend Report for January showed a 30% decrease in the number of
Closed Transactions over December and a 15% increase over sales in January
2014.
JANUARY 2015
146
127
15%
JANUARY 2015
JANUARY 2014
146
0
50
100
150
200
250
300
4. DAYS ON THE MARKET
NE GEORGIA MLS
The average Days on the Market for all homes sold in January was 179. This is 33 days
more than the average in December and 17 days more than the average in January
2014.
JANUARY 2015
179
162
10%
JANUARY 2015
JANUARY 2014
179
0
50
100
150
200
250
5. MONTHS SUPPLY OF
INVENTORY
NE GEORGIA MLS
The number of Months Supply of Inventory at the end of January was 12.0 which is 31%
lower than December and a 30% decrease from January 2014.
JANUARY 2015
12.0
17.1
30%
JANUARY 2015
JANUARY 2014
12.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
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
Northeast Georgia 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).
