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Monday November 16, 2009

Finding Homes for You KIRKWOOD, MO 63122
Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 299,000 ±+
Asking Price Per Square Foot $ 161 ≠≠
The median list price in KIRKWOOD, MO 63122 this week is Average Days on Market (DOM) 157 ==
$299,000.
Percent of Properties with Price Decrease 57 %
Percent Relisted (reset DOM) 8%
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 1%
are mildly positive indications for the market. Median House Size (sq ft) 1865
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 14.2 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
Since this is a Buyer's market prices are not yet moving higher as
excess inventory is consumed. However, the as supply and
= Slight upward trend ≠ Slight downward trend
demand trends continue, the market moves into the Seller's zone,

Price
and we are likely to see upward pressure on pricing.

Market Action Index In the last few weeks we've seen prices in this zip code bouncing
around these current levels. Look for a persistent change in the
Market Action Index before we see prices deviate significantly
from here.

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 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -
where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 619,000 3087 acre 4.0 3.5 10 55 1 1 186 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 359,900 2156 acre 3.0 2.5 55 3 2 177 Upper-middle 25% of properties

8,001 -
Lower/Third $ 224,900 1601 10,000 sqft 3.0 2.0 7 55 1 6 145 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 150,000 1104 10,000 sqft 2.0 1.0 56 2 4 121 Least expensive 25% of properties

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