Monday December 28, 2009

St. Louis Area Real O FALLON, MO 63368

Estate Market Reports Single Family Homes

Executive Summary

This Week
Real-Time Market Profile Trend
Median List Price $ 245,750 ≠≠
Asking Price Per Square Foot $ 116 ≠≠
The median list price in O FALLON, MO 63368 this week is Average Days on Market (DOM) 198 ==
$245,750.
Percent of Properties with Price Decrease 45 %
Percent Relisted (reset DOM) 4%
Inventory has been tightening and days-on-market increasing
recently. The Market Action Index has been basically flat, not Percent Flip (price increased) 7%
providing strong indication for market conditions. Median House Size (sq ft) 2323
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 14.3 ±+

The market has settled in at a relative stasis in inventory and sales ±+ No change == Strong upward trend ≠≠ Strong downward trend
conditions. It's a Buyer's market that has seen prices trend lower.
Expect that consistent up trends in demand will be required before = Slight upward trend ≠ Slight downward trend
price trends change significantly.

Price
Market Action Index Again this week in this zip code we see a downward notch for
prices. We continue to pull back from the market's highs. At this
point, we will be looking for a persistent upward shift in the
Market Action Index as a leading indicator for a trough in prices.

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 $ 382,900 3248 acre 4.0 3.5 63 0 5 314 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 279,400 2661 acre 4.0 2.5 8 63 0 2 165 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 216,500 1983 acre 4.0 2.5 2 64 1 1 172 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 171,200 1489 8,000 sqft 3.0 2.0 6 64 1 1 141 Least expensive 25% of properties

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