Town and Country, MO Market Report - September 2011
Market Profile & Trends Overview
Property Sales
September Property sales were 4, down 33.3% from 6
in September of 2010 and 55.6% lower than the 9
sales last month. September 2011 sales were at their
lowest level compared to September of 2010 and
2009. September YTD sales of 71 are running 14.5%
ahead of last year's year-to-date sales of 62.
Prices
The Median Sales Price in September was
$1,087,500, up 115.3% from $505,000 in September
of 2010 and up 131.4% from $470,000 last month.
The Average Sales Price in September was $970,625,
up 53.5% from $632,333 in September of 2010 and
up 96.7% from $493,389 last month. September
2011 ASP was at a mid range compared to September
of 2010 and 2009.
Inventory & MSI
The Total Inventory of Properties available for sale as of
September was 112, down 14.5% from 131 last month and
equal to 112 in September of last year. September 2011
Inventory was at its lowest level compared with
September of 2010 and 2009. A comparatively lower MSI
is more beneficial for sellers while a higher MSI is better for buyers.
The September 2011 MSI of 28.0 months was at its highest level
compared with September of 2010 and 2009.
Market Time
The average Days On Market (DOM) shows how many
days the average Property is on the market before it
sells. An upward trend in DOM tends to indicate a move
towards more of a Buyer's market, a downward trend a
move towards more of a Seller's market. The DOM for
September was 192, up 204.8% from 63 days last month
and up 4.3% from 184 days in September of last year.
The September 2011 DOM was at a mid level compared
with September of 2010 and 2009.
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for
the direction of Property values. Since Median Sales
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized
indicator on the direction of Property values. The
September 2011 Selling Price per Square Foot of $195
was up 22.3% from $160 last month and up 20.1% from
163 in September of last year.
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio
at or above 100% indicates more of a Seller's market.
The September 2011 Selling Price vs Original List Price
of 87.7% was down from 93.1% last month and down
from 94.3% in September of last year.
Inventory / New Listings / Sales
This last view of the market combines monthly
inventory of Properties for sale along with New Listings
and Sales. The graph shows the basic annual
seasonality of the market as well as the relationship
between these items. The number of New Listings in
September 2011 was 13, down 35.0% from 20 last month
and equal to 13 in September of last year.
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