Missouri REALTORS report sales data for August

According to recent Missouri REALTORS sales data, Missouri's real estate market experienced strong increases for property selling prices last month.

August 2014 compared to August 2013

• 6,483 homes sold in August 2014, a decrease of 7 percent compared to 6,971 homes sold in 2013.

• Homes sold at a faster rate last month than in August of 2013, with the number of days a home sat on the market dropping two days, from 121 days in 2013 to 119 days in 2014.

• Both the average and median home prices increased in August. The average price rose 7.3 percent to $178,631, compared to $166,512 a year ago, and the median price of $142,000 was up 5.2 percent from $135,000 in 2013.

August 2014 compared to the previous month of July 2014

• August showed decreased homes sales of 0.6 percent, with 6,483 homes sold, compared to 6,525 homes sold in July.

• Homes spent an average of 119 days on the market, two days more than the 117 days on the market in July.

• The average selling price of $178,631 for August decreased by 0.5 percent from July's price of $179,593.

• The median price of $142,000 for August decreased 3.1 percent from the $146,500 median price in July.

Missouri REALTORS is the second largest trade association in the state with over 18,000 members. As members of organized real estate, REALTORS subscribe to a strict code of ethics and have access to numerous services and programs to enhance their professionalism.