Monday November 30, 2009
St. Louis Area Real Estate Market Reports Executive Summary
FORISTELL, MO Single Family Homes
This Week The median list price in FORISTELL, MO this week is $231,900.
Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market.
Real-Time Market Profile
Trend
Median List Price $ 231,900 Asking Price Per Square Foot $ 125 Average Days on Market (DOM) 231 Percent of Properties with Price Decrease 36 % Percent Relisted (reset DOM) 3% Percent Flip (price increased) 3% Median House Size (sq ft) 2020 Median Lot Size 2.5 - 5.0 acres Median Number of Bedrooms 3.0
≠≠ ≠≠ ±+
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off 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.
±+
No change
2.5
Strong Buyer's
10.5
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price
Market Action Index
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
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
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 475,000
2794
Upper/Second
$ 290,000
Lower/Third Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
2.5 - 5.0 acres
3.0
3.5
25
2
1
315
Most expensive 25% of properties
2101
2.5 - 5.0 acres
3.0
2.5
26
0
2
207
Upper-middle 25% of properties
$ 211,195
2032
0.25 - 0.50 acre
3.0
2.5
26
1
2
264
Lower-middle 25% of properties
$ 159,950
1404
1.0 - 2.5 acres
3.0
2.0
26
0
1
139
Least expensive 25% of properties
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