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St. Louis Area Real Estate Market Reports Executive Summary
St. Louis Area Real Estate Market Reports Executive Summary
St. Louis Area Real Estate Market Reports Executive Summary
Executive Summary
This Week
Real-Time Market Profile Trend
Median List Price $ 231,900 ≠≠
Asking Price Per Square Foot $ 125 ≠≠
The median list price in FORISTELL, MO this week is $231,900. Average Days on Market (DOM) 231 ±+
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 3%
Inventory has been lightening lately and the Market Action Index
has been trending up. These are mildly positive indications for the Percent Flip (price increased) 3%
market. Median House Size (sq ft) 2020
Median Lot Size 2.5 - 5.0 acres
Median Number of Bedrooms 3.0
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
Price
prices as the market transitions from a Buyer's market to a Seller's
market.
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
Quartiles
7-Day Rolling Average 90-Day Rolling Average
2.5 - 5.0
Upper/Second $ 290,000 2101 acres 3.0 2.5 26 0 2 207 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 211,195 2032 acre 3.0 2.5 26 1 2 264 Lower-middle 25% of properties
1.0 - 2.5
Bottom/Fourth $ 159,950 1404 acres 3.0 2.0 26 0 1 139 Least expensive 25% of properties
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