Thursday September 17, 2009

CLAYTON, MO
St. Louis Area Condos - Townhomes - TICs

EXECUTIVE SUMMARY

This Week
Real-Time Market Profile Trend
Median List Price $ 469,000 ≠≠
Asking Price Per Square Foot $ 278 ≠≠
The median list price in CLAYTON, MO this week is $469,000. Average Days on Market (DOM) 212 ≠≠
Percent of Properties with Price Decrease 30 %
Percent Relisted (reset DOM) 15 %
With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions do not Percent Flip (price increased) 8%
seem to have strong up or down pull. Median House Size (sq ft) 1771
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Strong Buyer's 11.3 ±+

Supply and Demand

The market has settled in at a relative stasis in inventory and ±+ No change == Strong upward ≠≠ Strong downward
sales conditions. It's a Buyer's market that has seen prices trend
lower. Expect that consistent up trends in demand will be
= Slight upward ≠ Slight downward trend
required before price trends change significantly.

Price
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

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 90-Day Rolling

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 $ 1,299,900 2932 3.0 2.5 49 0 1 263 Most expensive 25% of properties

Upper/Second $ 649,000 1872 2.0 2.5 49 7 2 254 Upper-middle 25% of properties

Lower/Third $ 351,900 1571 2.0 2.0 49 4 0 184 Lower-middle 25% of properties

Bottom/Fourt $ 195,400 1055 2.0 1.0 50 1 3 146 Least expensive 25% of properties

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