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Carl Junction Area Market Report for September 2007

By Walter Hayes

Real Estate Broker/Owner with Oak Creek Realty Group LLC MO# 1999078273

October 08, 2007 07:57 AM

My team and I continuosly monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Carl Junction area real estate statistics for the period September 2007 as compiled by the Ozark Gateway Association of REALTORS®.

	Carl Junction Area Market Condition Report
Month / Year	New Homes on the Market	Total Active Homes on the Market	Homes Sold for the Period	Homes Under Contract	Homes that Expired	Homes that were Withdrawn	Total Homes Leaving the Market	Ratio of Homes Entering the Market vs Leaving	Price Changes	Average Days on Market for Solds	List/Sale Price Ratio	Median Sales Price	Inventory Absorption Rate in Months
April-07	35	142	18	37	17	7	42	0.83	22	144	97%	$134,750.00	7.89
May-07	46	128	26	30	20	9	55	0.84	30	129	98%	$132,350.00	4.92
June-07	51	147	15	25	10	10	35	1.46	33	142	97%	$136,000.00	9.80
July-07	41	157	17	27	8	12	37	1.11	47	106	99%	$166,000.00	9.24
August-07	33	153	16	18	12	7	35	0.94	29	141	99%	$123,250.00	9.56
September-07	43	135	15	22	32	10	57	0.75	36	92	97%	$129,900.00	9.00
October-07
November-07
December-07
January-08
February-08
March-08
YTD Avg	41.5	143.7	17.8	26.5	16.5	9.2	43.5	1.0	32.8	125.7	98%	$137,041.67	8.40

We're in to month 4 of a stong buyers market in Carl Junction. The good news is that we are bleeding off inventory and for the 2nd straight month we are selling more houses than are coming on the market. Don't get too excited too soon though as there is still 9 months of inventory in the system so I think we're looking at a month or two at a minimum before we can report that we're back to a mre normal market. That assumes of course that nothing bad happens to sour the market in the mean time. Interest rates are still at historic lows, we are still experiencing 95+% employment out there and it's football season. What could be better.

If I can help you in your next real estate endeavor, please call me. I'd be happy to help you in anyway that I can. My team and I will do all we can to make sure that it's a pleasant experience. Check out my websites for the latest listings and real estate news.

Walter Hayes, GRI, ABR, RECS, e-PRO

Keller Williams Realty of Southwest Missouri

531 E 15th St

Joplin MO 64804

417-649-67776

http://www.walterhayes.com/; http://thehayesteam.com/; http://www.showme-realestate.com/; http://www.joplinmohomesforsale.com/

Email: walter@walterhayes.com