This week's overview of the the Affton MO Real Estate Market.
The median list price in Affton, MO this week is $125,000. The 127 properties have been on the market for an average of 108 days.
Inventory in the Affton MO real estate market has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand
Home sales in the Affton MO real estate market continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
The Affton Mo real estate market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Prices have been mixed-to-negative trend in recent weeks in the Affton MO real estate market. Quartile 4 is down, while the rest of the market is basically flat. Look to the Market Action Index to determine if this plateau is the stage of prolonged price decline in the Affton MO real estate market.
Price Per Square Foot
The market plateau in the Affton MO real estate market 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.
Inventory of Properties Listed for Sale
Inventory has been falling in recent weeks in the Affton MO real estate market. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market to gauge whether buyer interest is changing with the available supply.
Market Action Index
The Affton MO real estate market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 35.88 which indicates that demand is strong and available supply of homes gets snapped relatively quickly.
Days on Market
The properties have been on the market for an average of 108 days in the Affton MO real estate market. half of the listings have come newly on the market in the past 77 or so days.