Finding Homes for You

MARKET UPDATE
O FALLON, MO 63368

· Current Real Estate Market Conditions for Single Family Homes

· Trends in Pricing
· Current Levels of Supply and Demand
· Value Metrics

· Report for the week of

September 13, 2010

· Presented by Finding Homes for You

Finding Homes For You, Inc
www.FindingHomesForYou.com - mark@findinghomesforyou.com
636.386.0659

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
 City Overview Single Family Homes in

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O FALLON, MO

This Week Real-Time Market Profile Trend

The median list price in O FALLON, Median List Price $ 214,900 ±+
MO this week is $214,900. The 826 Average List Price $ 240,639
properties have been on the market Asking Price Per Square Foot $ 107 ±+
for an average of 146 days. Average Days on Market (DoM) 146 ±+

Inventory of Properties Listed 826 ==

Most Expensive Listing $ 2,100,000

The Market Action Index has been Least Expensive Listing $ 45,000

trending down lately, while inventory Average Age of Listing 8

is climbing. These trends imply a Percent of Properties with Price Decrease 51 %
weakening market. Percent Relisted (reset DOM) 9%
Percent Flip (price increased) 5%
Median House Size (sq ft) 2020
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

The Market Action Index has been Market Action Index Strong Buyer's 11.8 ≠≠
trending lower for several weeks 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
while prices have remained implies a seller's advantage. Below 30, conditions give the advantage to the
relatively stable. If inventory buyer.
continues to grow relative to
demand however, it is likely that we Trend Key: == Strong upward trend ≠≠ Strong downward trend
will see downward pressure on ±+ No change = Slight upward trend ≠ Slight downward trend
pricing.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.25 - 0.50
Top/First $ 348,000 3182 acre 4.0 3.5 0 206 7 7 202 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 249,900 2398 acre 4.0 2.5 2 206 16 10 142 Upper-middle 25% of properties

8,001 -
Lower/Third $ 186,900 1705 10,000 sqft 3.0 2.5 24 207 14 10 119 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 134,900 1237 10,000 sqft 3.0 2.0 1 207 8 5 122 Least expensive 25% of properties

Page 2 of 11 Monday September 13, 2010

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City Overview
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O FALLON, MO

Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.

7-day Average 90-day Average

Quartile Prices
Price conditions recently have been slightly negative. Prices in Quartile 4 and 2 have been mixed recently, while the rest of the
market is trending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the
trough in the market.

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

Page 3 of 11 Monday September 13, 2010

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O FALLON, MO

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

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

7-day Average 90-day Average

Page 4 of 11 Monday September 13, 2010

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O FALLON, MO

Market Action Index

The O FALLON market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 11.82. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
changes.

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

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

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

Page 5 of 11 Monday September 13, 2010

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City Overview
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O FALLON, MO

Days on Market
The properties have been on the market for an average of 146 days. Half of the listings have come newly on the market in the
past 98 or so days.

7-day Average 90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

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

Page 6 of 11 Monday September 13, 2010

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O FALLON, MO
63368

This Week Real-Time Market Profile Trend

The median list price in O FALLON, Median List Price $ 239,900 ±+
MO 63368 this week is $239,900. The Average List Price $ 255,188
405 properties have been on the Asking Price Per Square Foot $ 107 ±+
market for an average of 132 days. Average Days on Market (DoM) 132 ±+

Inventory of Properties Listed 405 ==

Most Expensive Listing $ 649,000

The Market Action Index has been Least Expensive Listing $ 70,400

trending down lately, while inventory Average Age of Listing 3

is climbing. These trends imply a Percent of Properties with Price Decrease 53 %
weakening market. Percent Relisted (reset DOM) 11 %
Percent Flip (price increased) 7%
Median House Size (sq ft) 2280
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

The market has been consistently Market Action Index Strong Buyer's 11.7 ≠≠
cool for several weeks. Demand 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
level are low relative to the implies a seller's advantage. Below 30, conditions give the advantage to the
available inventory. It's a Buyer's buyer.
market and prices continue to fall.
Look for a persistent shift in Market Trend Key: == Strong upward trend ≠≠ Strong downward trend
Action before prices plateau or begin ±+ No change = Slight upward trend ≠ Slight downward trend
to rise again.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.25 - 0.50
Top/First $ 364,900 3240 acre 4.0 3.5 0 101 3 6 185 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 269,900 2604 acre 4.0 2.5 3 101 8 4 127 Upper-middle 25% of properties

8,001 -
Lower/Third $ 214,900 1942 10,000 sqft 3.0 2.5 0 101 2 7 111 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 159,900 1525 8,000 sqft 3.0 2.0 0 102 6 5 106 Least expensive 25% of properties

Page 7 of 11 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
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O FALLON, MO
63368

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see the market's price weakness evident across the board. Quartiles 2, 3, and 4 have been
in price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicator
of the bottom of the market.

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

Page 8 of 11 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
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O FALLON, MO
63368

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

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

7-day Average 90-day Average

Page 9 of 11 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
O FALLON, MO
63368

Market Action Index

The O FALLON, 63368 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 11.73. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. Watch the quartiles for changes before the overall market shifts.

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

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

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

Page 10 of 11 Monday September 13, 2010

 Single Family Homes in
Neighborhood Detail
Finding Homes for You | www.FindingHomesForYou.com | 636.386.0659
O FALLON, MO
63368

Days on Market
The properties have been on the market for an average of 132 days. Half of the listings have come newly on the market in the
past 98 or so days.

7-day Average 90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

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

Page 11 of 11 Monday September 13, 2010