Michael Nettemeyer of The Nett Group with Realty Executives Presents...
This week's overview of the the Wildwood MO Real Estate Market
The median list price in the Wildwood MO real estate market this week is $529,000. The 123 properties have been on the market for an average of 170 days.
Inventory 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 Wildwood MO real estate market.
Supply and Demand
The Market Action Index for the Wildwood MO real estate market has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Median Price
The Wildwood MO real estate market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
Quartile Prices
Prices have settled at a price plateau across the board in the Wildwood MO real estate market. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
Price Per Square Foot
The market plateau is seen across the price and value in the Wildwood MO real estate market. 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 in the Wildwood 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 available supply.
Market Action Index
The Wildwood MO real estate market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27.61 so buyers should expect to find reasonable levels of selection.
Days on Market
The properties have been on the market for an average of 170 days. Half of the listings have come newly on the market in the past 147 or so days.
