Thursday September 17, 2009

O FALLON, MO
St. Louis Area Condos - Townhomes - TICs

EXECUTIVE SUMMARY

This Week
Real-Time Market Profile Trend
Median List Price $ 174,950 ==
Asking Price Per Square Foot $ 122 ≠≠
The median list price in O FALLON, MO this week is $174,950. Average Days on Market (DOM) 182 ≠≠
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 8%
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish Percent Flip (price increased) 2%
signs for prices. Median House Size (sq ft) 1278
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Strong Buyer's 15.1 ==

Supply and Demand

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward ≠≠ Strong downward
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to
= Slight upward ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

Price
Market Action Index While this week the median price in this zip code didn't fluctuate
much, we are relatively close to the market's high-water mark.
Watch for persistent downward shift in the Market Action Index
into the Buyer's zone as a leading indicator of the price strength
subsiding.

Price Trends

7-Day Rolling Average 90-Day Rolling Buyer/Seller Cutoff

The Market Action Index answers the question "How's the

Market?" By measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling

Chacteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 270,300 1800 3.0 2.5 3 34 0 2 274 Most expensive 25% of properties

Upper/Second $ 189,900 1478 3.0 2.2 34 4 2 214 Upper-middle 25% of properties

Lower/Third $ 147,950 1246 2.0 2.5 176 34 3 2 110 Lower-middle 25% of properties

Bottom/Fourt $ 114,400 1028 2.0 2.0 46 34 3 2 130 Least expensive 25% of properties

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