MARKET UPDATE
FORISTELL, MO
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City Overview Single Family Homes in
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
2.5 - 5.0
Top/First $ 389,000 2260 acres 4.0 3.5 27 5 1 256 Most expensive 25% of properties
2.5 - 5.0
Upper/Second $ 249,990 2240 acres 3.0 2.5 27 1 0 175 Upper-middle 25% of properties
8,001 -
Lower/Third $ 206,990 2125 10,000 sqft 3.0 2.5 220 27 0 0 130 Lower-middle 25% of properties
1.0 - 2.5
Bottom/Fourth $ 165,000 1440 acres 3.0 2.0 27 1 1 183 Least expensive 25% of properties
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.
Quartile Prices
Price weakness is evident almost 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.
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 blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.
Days on Market
The properties have been on the market for an average of 186 days. Half of the listings have come newly on the market in the
past 102 or so days.