Monday November 30, 2009

St. Louis Area Real TOWN AND COUNTRY, MO

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 899,000 ±+
Asking Price Per Square Foot $ 228 ==
The median list price in TOWN AND COUNTRY, MO this week is Average Days on Market (DOM) 263 ==
$899,000.
Percent of Properties with Price Decrease 42 %
Percent Relisted (reset DOM) 12 %
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively Percent Flip (price increased) 0%
negative implications for the market. Median House Size (sq ft) 4216
Median Lot Size 1.0 - 2.5 acres
Median Number of Bedrooms 4.0
Median Number of Bathrooms 4.5

Supply and Demand Market Action Index Strong Buyer's 12.6 ≠≠

The Market Action Index has been trending lower for several ±+ No change == Strong upward trend ≠≠ Strong downward trend
weeks while prices have remained relatively stable. If inventory
continues to grow relative to demand however, it is likely that we
= Slight upward trend ≠ Slight downward trend
will see downward pressure on pricing.

Price
Market Action Index We continue to see prices in this zip code bouncing around this
plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.

Price Trends

7-Day Rolling Average 90-Day Rolling Average 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 Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
1.0 - 2.5
Top/First $ 2,300,000 6292 acres 4.0 7.0 18 0 0 312 Most expensive 25% of properties

1.0 - 2.5
Upper/Second $ 1,225,000 4411 acres 4.0 4.5 18 0 0 304 Upper-middle 25% of properties

1.0 - 2.5
Lower/Third $ 737,450 4076 acres 4.0 4.5 18 0 0 231 Lower-middle 25% of properties

1.0 - 2.5
Bottom/Fourth $ 475,000 2626 acres 4.0 3.0 19 0 1 208 Least expensive 25% of properties

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