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Town & Country MO Market Report - August 2011
Town and Country, MO Market Report - August 2011
Market Profile & Trends Overview
Property SalesAugust Property sales were 9, up 125.0% from 4 in August of 2010 and 30.8% lower than the 13 sales last month. August 2011 sales were at their highest level compared to August of 2010 and 2009. August YTD sales of 67 are running 19.6% ahead of last year's year-to-date sales of 56.Prices The Median Sales Price in August was $470,000, down 28.0% from $652,450 in August of 2010 and down 27.7% from $650,000 last month. The Average Sales Price in August was $493,389, down 37.9% from $795,100 in August of 2010 and down 31.6% from $721,231 last month. August 2011 ASP was at the lowest level compared to August of 2010 and 2009.Inventory & MSIThe Total Inventory of Properties available for sale as of August was 130, down 1.5% from 132 last month and up 4.0% from 125 in August of last year. August 2011 Inventory was at its highest level compared with August of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2011 MSI of 14.4 months was at its ... more

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