Thursday September 17, 2009
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Thursday September 17, 2009
MEHLVILLE, MO
St. Louis Area
Condos - Townhomes - TICs
EXECUTIVE SUMMARY
This Week
Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms
The median list price in MEHLVILLE, MO this week is $124,500.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Market Action
Supply and Demand 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
Trend $ 124,500 $ 121 161 18 % 4% 9% 1020 2.0 2.0
≠≠ ≠≠ ==
18.0
==
Strong Buyer's
== Strong upward = Slight upward
≠≠ Strong downward ≠ Slight downward trend
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
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
Chacteristics per Quartile Quartile
Median Price
Square Feet
Beds
Baths
90-Day Rolling
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Age Inventory New Absorbed DOM
Top/First
$ 142,000
1344
2.0
2.0
13
1
3
163
Most expensive 25% of properties
Upper/Second
$ 128,200
1020
2.0
2.0
14
0
1
216
Upper-middle 25% of properties
Lower/Third
$ 117,900
1020
2.0
2.0
14
1
0
143
Lower-middle 25% of properties
Bottom/Fourt
$ 85,450
966
2.0
1.5
14
2
0
122
Least expensive 25% of properties
River City Real Estate, Toll Free: (866) 456-1862 | www.rcreonline.com | [email protected]
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2009 Altos Research LLC
MEHLVILLE, MO
St. Louis Area
Condos - Townhomes - TICs
EXECUTIVE SUMMARY
This Week
Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms
The median list price in MEHLVILLE, MO this week is $124,500.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Market Action
Supply and Demand 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
Trend $ 124,500 $ 121 161 18 % 4% 9% 1020 2.0 2.0
≠≠ ≠≠ ==
18.0
==
Strong Buyer's
== Strong upward = Slight upward
≠≠ Strong downward ≠ Slight downward trend
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
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
Chacteristics per Quartile Quartile
Median Price
Square Feet
Beds
Baths
90-Day Rolling
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Age Inventory New Absorbed DOM
Top/First
$ 142,000
1344
2.0
2.0
13
1
3
163
Most expensive 25% of properties
Upper/Second
$ 128,200
1020
2.0
2.0
14
0
1
216
Upper-middle 25% of properties
Lower/Third
$ 117,900
1020
2.0
2.0
14
1
0
143
Lower-middle 25% of properties
Bottom/Fourt
$ 85,450
966
2.0
1.5
14
2
0
122
Least expensive 25% of properties
River City Real Estate, Toll Free: (866) 456-1862 | www.rcreonline.com | [email protected]
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2009 Altos Research LLC
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