September Property sales were 66, down 22.4% from 85 in September of 2009 and 10.8% lower than the 74 sales last month. September 2010 sales were at their lowest level compared to September of 2009 and 2008. September YTD sales of 635 are running 24.0% ahead of last year's year-to-date sales of 512. The Total Inventory of Properties available for sale as of September was 737, up 1.7% from 725 last month and down 4.5% from 772 in September of last year. September 2010 Inventory was at its lowest level compared with September of 2009 and 2008.

The September 2010 Months Supplt of Inventory of 11.2 months was at its highest level compared with September of 2009 and 2008.  A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
 
The Median Sales Price in September was $279,500, up 15.0% from $243,000 in September of 2009 and down 30.2% from $400,500 last month. The Average Sales Price in September was $338,151, up 19.8% from $282,338 in September of 2009 and down 24.1% from $445,460 last month. September 2010 ASP was at a mid range compared to September of 2009 and 2008.

The Selling Price vs Original Listing Price is 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 2010 Selling Price vs Original List Price

of 91.2% was up from 88.8% last month and up from 87.7% in September of last year.

MARKET ACTION REPORT

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 84, down 1.2% from 85 days last month and down 24.3% from 111 days in September of last year. The September 2010 DOM was at its lowest level compared with September of 2009 and 2008.

The number of New Listings in September 2010 was 178, up 16.3% from 153 last month and down 5.8% from 189 in September of last year.