Nashville MLS May 2014 Market Trends
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Published on: Mar 3, 2016
Transcripts - Nashville MLS May 2014 Market Trends
MAY 2014NASHVILLE MLS
MEDIAN SALES PRICE
The Median Price for all homes sold in May was $180,000, which is 2% higher than
the median price in April and 4% higher than the price in May 2013.
The Market Trend Report for May showed a 12% increase in the number of Closed
Transactions over April and a very slight decrease from sales in May 2013.
DAYS ON THE MARKET
The average Days on the Market for all homes sold in May was 81. This is 2 days
less than the average in April and 1 day less than the average in May 2013.
MONTHS SUPPLY OF
The number of Months Supply of Inventory at the end of May was 2.8, which is an
18% decrease from April and an 18% decrease from May 2013.
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.
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