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St. Louis Area

EXECUTIVE SUMMARY

Thursday September 17, 2009

FLORISSANT, MO

Condos - Townhomes - TICs

September 17, 2009 FLORISSANT, MO Condos - Townhomes - TICs This Week The median list price

This Week

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.

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.

Market Action Index

market to a Seller's market. Market Action Index 7-Day Rolling Average 90-Day Rolling Buyer/Seller Cutoff
7-Day Rolling Average 90-Day Rolling Buyer/Seller Cutoff The Market Action Index answers the question "How's
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.

±+

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

Market Action

Strong Buyer's

 

Trend

$ 84,900

≠≠

$ 84

≠≠

232

≠≠

37

%

11

%

5 %

 

1034

2.0

2.0

15.4

==

No change

==

Strong upward

= Slight upward

Price

≠≠

Strong downward

Slight downward trend

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

as a leading indicator for a trough in prices. Price Trends 7-Day Rolling Average 90-Day Rolling
7-Day Rolling Average 90-Day Rolling Quartiles Chacteristics per Quartile Investigate the market in quartiles -
7-Day Rolling Average
90-Day Rolling
Quartiles
Chacteristics per Quartile
Investigate the market in quartiles -
where each quartile is 25% of homes
ordered by price.
Quartile
Median Price
Square Feet
Beds
Baths
Age
Inventory
New
Absorbed DOM
Top/First
$ 153,400
1282
3.0
2.5
20
16
0
4
265
Most expensive 25% of properties
$ 97,450
1181
2.0
2.0
60
16
3
1
213
Upper/Second
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

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