This week's overview of the the Ballwin MO Real Estate Market
The median list price in the Ballwin MO real estate market this week is $249,900. The 133 properties have been on the market for an average of 103 days.
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices in the Ballwin MO real estate market.
Supply and Demand
In the last few weeks, the Ballwin real estate market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch out for changes in the Market Action Index. If the market heats up, prices are likely to resume an upward climb.
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index for the Ballwin real estate market before we see prices deviate significantly from here.
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index for the Ballwin real estate market before prices move from these current levels.
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 in the Ballwin real estate market. 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 in the Ballwin MO real estate market has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the supply.
Market Action Index
The Ballwin MO real estate market is currently in the Seller's Advantage zone (greater than 30). The 90-Day Market Action Index stands at 40.25 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Days on Market
The properties have been on the Ballwin MO real estate market for an average of 103 days. Half of the listings have come newly on the market in the past 63 or so days.