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Maybe it was the heat....
Real Estate Statistics for St Louis through September 2012 Closed sales reflect the business written in the previous month. The stifling heat in August in St. Louis is still fresh in my mind and looking at homes during that month was a challenge for sure. This may be one of the factors causing the downturn in sales for September 2012. Looking back over the last ten year period, however, there have been several other Septembers that showed a significant drop in the number sales.  The average days on the market is remaining stable even though it is higher than the bubble times. The months of supply (aka months of inventory and absorption rate). This number tells you how many months it would take for all the current homes for sale to sell, given a monthly sales volume. Four to five months of supply is average (this number varies from source to source). If the number is smaller, the buyers are dominating the market; greater the number, there are more sellers than buyers. 
 
Here are a couple of examples of homes that sold in our metropolitan area during the month of September.
This brick bungalow at 9018 Powell in Brentwood ... more

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