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Mountain Home really held off the fall in average sold price, until the last year.  The drop is due to growing distress sales.

1 out of 3 sold homes are distress in 2010, per IMLS data.

Distress sale = "YES" reply from agent on REO, Short Sale or Foreclosure
Typical sale = "NO" reply from agent on REO, Short Sale or Foreclosure
 

Also, of the 298 active listings in Mt. home, 57 (19%) are distress listings.

ELMORE COUNTY - DISTRESS SALES
	Distress		Typical		Total
	Count	Percent	Count	Percent
2009
Jan		0.0%	10	100.0%	10
Feb	3	13.0%	20	87.0%	23
Mar		0.0%	15	100.0%	15
Apr	4	16.0%	21	84.0%	25
May	2	8.0%	23	92.0%	25
Jun	6	19.4%	25	80.6%	31
Jul	7	17.1%	34	82.9%	41
Aug	6	21.4%	22	78.6%	28
Sep	3	16.7%	15	83.3%	18
Oct	4	16.0%	21	84.0%	25
Nov	9	30.0%	21	70.0%	30
Dec	7	38.9%	11	61.1%	18
2009 Total	51	17.6%	238	82.4%	289
2010
Jan	7	70.0%	3	30.0%	10
Feb	2	10.0%	18	90.0%	20
Mar	12	41.4%	17	58.6%	29
Apr	6	24.0%	19	76.0%	25
May	4	17.4%	19	82.6%	23
Jun	10	33.3%	20	66.7%	30
Jul	9	37.5%	15	62.5%	24
Aug	8	42.1%	11	57.9%	19
Sep	9	64.3%	5	35.7%	14
2010 Total	67	34.5%	127	65.5%	194
Grand Total	118	24.4%	365	75.6%	483