Monday December 28, 2009

St. Louis Area Real FLORISSANT, MO

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 118,950 ≠≠
Asking Price Per Square Foot $ 90 ≠≠
The median list price in FLORISSANT, MO this week is $118,950. Average Days on Market (DOM) 233 ==
Percent of Properties with Price Decrease 45 %
Percent Relisted (reset DOM) 8%
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) 2%
negative implications for the market. Median House Size (sq ft) 1356
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 16.9 ≠≠

The market has been consistently cool for several weeks. Demand ±+ No change == Strong upward trend ≠≠ Strong downward trend
level are low relative to the available inventory. It's a Buyer's
market and prices continue to fall. Look for a persistent shift in = Slight upward trend ≠ Slight downward trend
Market Action before prices plateau or begin to rise again.

Price
Market Action Index The market has been on a downward trend recently and this
week, while essentially flat, doesn't break us out of that cycle.

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
0.25 - 0.50
Top/First $ 200,000 2183 acre 4.0 2.5 2 184 7 7 297 Most expensive 25% of properties

8,001 -
Upper/Second $ 129,900 1411 10,000 sqft 3.0 2.0 2 184 4 8 234 Upper-middle 25% of properties

8,001 -
Lower/Third $ 107,900 1148 10,000 sqft 3.0 2.0 114 184 4 4 217 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 79,200 1076 10,000 sqft 3.0 1.5 49 184 12 6 186 Least expensive 25% of properties

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