Thursday September 17, 2009
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Thursday September 17, 2009
FLORISSANT, 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 FLORISSANT, MO this week is $84,900.
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
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 $ 84,900 $ 84 232 37 % 11 % 5% 1034 2.0 2.0
≠≠ ≠≠ ≠≠
15.4
==
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. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$ 153,400
1282
3.0
2.5
20
16
0
4
265
Most expensive 25% of properties
Upper/Second
$ 97,450
1181
2.0
2.0
60
16
3
1
213
Upper-middle 25% of properties
Lower/Third
$ 75,000
902
2.0
2.0
50
16
1
2
212
Lower-middle 25% of properties
Bottom/Fourt
$ 47,900
918
2.0
1.0
17
4
1
239
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
FLORISSANT, 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 FLORISSANT, MO this week is $84,900.
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
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 $ 84,900 $ 84 232 37 % 11 % 5% 1034 2.0 2.0
≠≠ ≠≠ ≠≠
15.4
==
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. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$ 153,400
1282
3.0
2.5
20
16
0
4
265
Most expensive 25% of properties
Upper/Second
$ 97,450
1181
2.0
2.0
60
16
3
1
213
Upper-middle 25% of properties
Lower/Third
$ 75,000
902
2.0
2.0
50
16
1
2
212
Lower-middle 25% of properties
Bottom/Fourt
$ 47,900
918
2.0
1.0
17
4
1
239
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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