The June 2014 median home sales price in the NE Georgia MLS was $148,000, which was 7% lower than May 2014 and 6% higher than June 2013. The number of closed home sales transactions increased 16% compared to both May 2014 and June 2013. The average days on the market for homes sold was 147 days in June 2014, which was 52 days less than May 2014 and 19 days less than June 2013. The number of months of inventory increased 13% from May 2014 and 10% from June 2013 to 15.7 months in June 2014.

1. NE GEORGIA MLS JUNE 2014

2. MEDIAN SALES PRICE
NE GEORGIA MLS
The Median Price for all homes sold in June was $148,000, which was 7% lower than the
median price in May and 6% higher than the price in June 2013.
JUNE 2014
JUNE 2013
$148,000
$140,000
6%
JUNE 2014
$148,000
$130,000
$135,000
$140,000
$145,000
$150,000
$155,000
$160,000

3. CLOSED TRANSACTIONS
NE GEORGIA MLS
The Market Trend Report for June showed a 16% increase in the number of Closed
Transactions over May and 16% increase over sales in June 2013.
219
188
16%
JUNE 2014
JUNE 2013
JUNE 2014
219
0
50
100
150
200
250

4. DAYS ON THE MARKET
NE GEORGIA MLS
The average Days on the Market for all homes sold in June was 147. This is 52 days less
than the average in May and 19 days less than the average in June 2013.
11%
147
166
JUNE 2014
JUNE 2013
JUNE 2014
147
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 June was 15.7 which is a 13%
increase from May and a 10% increase from June 2013.
15.7
14.3
10%
JUNE 2014
JUNE 2013
JUNE 2014
15.7
0.0
5.0
10.0
15.0
20.0
25.0

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).