2. MEDIAN SALES PRICE
NE GEORGIA MLS
The Median Price for all homes sold in May was $160,000, which is 6% lower than the
median price price in April and 3% higher than the median price in May 2014.
MAY 2015
MAY 2015 $160,000
MAY 2014 $155,750
3%
$160,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
3. CLOSED TRANSACTIONS
NE GEORGIA MLS
The Market Trend Report for May showed a 9% increase in the number of Closed
Transactions over April and a 26% increase over sales in May 2014.
MAY 2015
211
168
26%
MAY 2015
MAY 2014
211
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 May was 181. This is 2 days more
than the average in April and 8 days more than the average in May 2014.
MAY 2015
181
173
5%
MAY 2015
MAY 2014
181
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 May was 10.2 which is 10%
lower than April and a 28% decrease from May 2014.
MAY 2015
10.2
14.1
28%
MAY 2015
MAY 2014
10.2
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).
