St Louis Real Estate Exchange

Michael Nettemeyer of The Nett Group with Realty Executives Presents...

This week's overview of the the Saint Peters MO Real Estate Market

The median list price in the Saint Peters MO real estate market this week is $224,945. The 182 properties have been on the market for an average of 288 days.

The Market Action Index has been trending downward lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.

Supply and Demand

While the Market Action Index in the Saint Peters MO real estate market shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Median Price

Prices hit another all time high this week for the Saint Peters MO real estate market. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.

Quartile Prices

Prices have settled at a price plateau across the board in the Saint Peters 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

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the Saint Peters MO real estate market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

Inventory of Properties Listed for Sale

Inventory in the Saint Peters 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 SAINT PETERS MO real estate market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 33.97 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

Days on Market

The properties in the Saint Peters MO real estate market have been on the market for an average of 288 days. Half of the listings have come newly on the market in the past 126 or so days.

Contact Michael Nettemeyer Today!

LINDBERGH SCHOOL DIST!! This 2 story has much to offer. Upon entry notice the hand scraped hardwood floors w/ a custom medallion. This home offers a home office, formal dining room with chair rail & crown molding. As you proceed to the family room, notice the natural light from the bay window & the wood burning fireplace. The family room opens to the large kitchen that offers tile flooring, plenty of cabinet & counter space and a planning desk! Walk out to a paved patio covered by a pergola. The yard is large, level and fenced. The 2nd floor offers 4 bedrooms and the Master suite has vaulted ceiling, plant shelves and the Bathroom has separate tub&shower, separate sinks and much more. The partially finished lower level offers additional entertaining space as well as built-in shelving. The HVAC is new with an over-sized 90% efficiency system. Main floor Laundry, 2 car garage and much more.**Seller providing HSA home warranty!*The 62" TV is included in the sale of the home**

831 Spring Crest, Fenton, MO  63026

Click here for more photos and information! 831 Spring Crest, Fenton, MO 63026

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Contact Michael Nettemeyer Today!

Michael Nettemeyer of The Nett Group with Realty Executives Presents...

This week's overview of the the O Fallon MO Real Estate Market

The median list price in the O Fallon MO real estate market this week is $219,990. The 265 properties have been on the market for an average of 206 days.

With inventory and days-on-market basically unchanged and the Market Action Index (MAI) decreasing, the O Fallon real estate market is not sending strong directional signal for the near-term outlook.

Supply and Demand

The O Fallon real estate market has started cooling and prices have been flat for several weeks. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.

Median Price

O Fallon real estate market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from these levels.

Quartile Prices

Prices have settled at a price plateau across the board in the O Fallon 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 in the O Fallon 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 in the O Fallon MO real estate market has been relatively steady around these levels in recent weeks.

Market Action Index

The O Fallon MO real estate market is currently in the Seller's Advantage zone (greater than 30). The 90-Day Market Action Index stands at 33.66 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 O Fallon MO real estate market for an average of 206 days. Half of the listings have come newly on the market in the past 91 or so days.

Contact Michael Nettemeyer Today!

Email  michael@thenettgroup.com

St Louis Real Estate Market: Latest Equity Report

Source: Corelogic and KCM

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.

Median Price

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.

Quartile Prices

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.

20 E Meadow, Ballwin, MO 63021

Click here for more photos and information! 20 E Meadow, Ballwin, MO 63021

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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.

Median Price

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.

Quartile Prices

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.

This week's overview of the the Chesterfield MO Real Estate Market.

The median list price in the Chesterfield MO real estate market this week is $562,450. The 114 properties have been on the market for an average of 138 days.

Inventory is lightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices in the Chesterfield MO real estate market.

Supply and Demand

Home sales continue to outstrip supply and the Market Action Index in the Chesterfield Mo real estate market 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.

Median Price

This week prices bumped up a bit but the trend of recent weeks is generally downward. The Market Action Index is a good leading indicator for the durability of this trend in the Chesterfield MO real estate market.

Quartile Prices

Prices have generally settled at a plateau in the Chesterfield MO real estate market, although Quartile 1 has been trending a bit downwards in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels.

Price Per Square Foot

Despite recent falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium in the Chesterfield MO real estate market.

Inventory of Properties Listed for Sale

Inventory in the Chesterfield 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 to gauge whether buyer interest is changing with the supply.

Market Action Index

The Chesterfield, MO real estate market is currently in the Seller's Advantage zone (greater than 30). The 90-Day Market Action Index stands at 37.63 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 Chesterfield MO real estate market for an average of 138 days. Half of the listings have come newly on the market in the past 94 or so days.

There are many people deciding on whether to sign a new lease on a rental property or take the dive into homeownership. Every situation is different. However, with rents, home values and mortgage interest rates projected to rise, buying now might make a lot more sense than waiting until next year.

Here are others who seem to agree:

An article at NPR:

“Economists see several reasons why 2015 might be a banner year for homebuying — and not just in San Francisco and Miami.”

An article on Consumer Affairs:

“If you have been thinking about purchasing a home, the first half of 2015 might be a good time.”

An article on Fox Business News:

“As rent increases, it simply makes more sense to buy a home.”

Bottom Line

Buying earlier in the year probably makes more sense than putting off the decision.