real estate statistics for maryland heights, mo 63132 including real estate & housing statistics

8/14/2019 Real Estate Statistics for Maryland Heights, MO 63132 Including Real Estate & Housing Statistics

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MARKET UPDATEKelsey Cottrell Realty's

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand

Value Metrics

Report for the week ofFebruary 15, 2010

Presented by Kevin Cottrell - Office of Chief EconomistKelsey Cottrell Realty Groupwww.kelseycottrell.com - [email protected]

MARYLAND HEIGHTM

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Kelsey Cottrell Realty | www.kelseycottrell.com | 314-779-3690

City OverviewMARYLAN

HEIGHTS, M

Monday February 15, 2010

Median PriceAgain this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market ActionIndex is a good leading indicator for the durability of this trend.

90-day Average7-day Average

Quartile PricesMost of the market segments are showing price weakness lately. Notice however, that Quartile 4 at the low-end of the market isstill on an up-trend. Often this condition happens in markets where demand has fallen (for example, due to micro-locationvariables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.

First/Top Second/Upper Third/Lower Fourth/Bottom

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Single Family Hom


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HEIGHTS, M


Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.


Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.


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HEIGHTS, M


Market Action IndexThe MARYLAND HEIGHTS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 13.95. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.

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City OverviewMARYLA

HEIGHTS, M


Days on MarketThe properties have been on the market for an average of 153 days. Half of the listings have come newly on the market in thepast 102 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Single Family Hom

real estate statistics for maryland heights, mo 63132 including real estate & housing statistics

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