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Executive Summary
This Week
Real-Time Market Profile Trend
Median List Price $ 262,338 ≠≠
Asking Price Per Square Foot $ 127 ==
The median list price in BALLWIN, MO 63011 this week is $262,338. Average Days on Market (DOM) 187 ==
Percent of Properties with Price Decrease 49 %
Percent Relisted (reset DOM) 8%
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 3%
are mildly positive indications for the market. Median House Size (sq ft) 2196
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5
Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off = Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.
Price
Market Action Index This week prices in this zip code remained relatively flat.
However the recent trends have us pulling back from the
market's high points. Keep an eye on the Market Action Index for
a leading indicator of the duration of this down trend.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling Average
0.25 - 0.50
Upper/Second $ 299,900 2582 acre 4.0 3.0 39 0 2 181 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 225,750 1913 acre 4.0 2.5 24 40 1 1 183 Lower-middle 25% of properties
0.25 - 0.50
Bottom/Fourth $ 184,950 1510 acre 3.0 2.0 1 40 1 3 229 Least expensive 25% of properties
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