This report pertains to residential homes on less than 10 acres sold from June 4th to June 25th as reported by the Lebanon Board of Realtors MLS.

In the last 3 weeks there were 15 homes sold for a total of almost 1.4 million. The average price of these homes was just over 91 thousand and the median price was 85, these homes had an average time on the market of 179 days. There are currently 12 homes listed as under contract in the Lebanon MLS and those homes have an average price of 136 thousand.

Year to date there have been 92 homes sold, down from last years 125 during the same time frame the average price is just over 105 thousand dollars same as last years 105K, the YTD volume of almost 9.6 million is down from last years 13.1 million. Our average time on the market this year has been 174 days, that's drastically up from last years 138 day average.

As of this morning there were 344 homes in Laclede County with less than 10 acres, listed with the Lebanon MLS. The average asking price is around $142,000 with median asking price of just about $120,000; these homes have an average time on the market of 181 days.