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MARKET UPDATE
DES PERES, 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
0.50 - 1.0
Top/First $ 1,000,000 6400 acre 4.0 4.5 19 0 4 383 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 599,000 2881 acre 4.0 3.0 19 2 2 336 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 339,000 2087 acre 4.0 2.5 19 3 2 171 Lower-middle 25% of properties
0.25 - 0.50
Bottom/Fourth $ 209,000 1448 acre 3.0 2.0 49 19 2 4 196 Least expensive 25% of properties
Median Price
Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading
indicator for the durability of this shift.
Quartile Prices
Pricing in the upper-half of the market (Quartiles 1 and 2) has been relatively flat recently while the lower-half prices have
remained strong. Quartiles 3 and 4 have been increasing in the last few weeks. Look to the Market Action Index Quartile
breakdown for a leading indicator on which group will lead the market in the near future.
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 272 days. Half of the listings have come newly on the market in the
past 164 or so days.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
1.0 - 2.5
Top/First $ 1,000,000 5819 acres 4.0 4.5 15 0 4 338 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 749,000 3321 acre 4.0 3.5 15 1 1 440 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 364,950 2226 acre 4.0 2.5 16 2 1 192 Lower-middle 25% of properties
0.25 - 0.50
Bottom/Fourth $ 212,000 1474 acre 3.0 2.0 49 16 2 1 246 Least expensive 25% of properties
Median Price
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their
absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading
indicator for a trough in prices.
Quartile Prices
In the quartile market segments, we see prices in most of this zip code trending higher in recent weeks. However the upper-
middle section of the market (Quartile 2) is showing some weakness lately. Major trend changes typically start from the top or
the bottom of the market, so it is difficult to identify this as a significant indicator. Watch the Market Action Index Quartile
breakdown for Quartiles 1 and 2 for persistent weakness before projecting this narrow downtrend onto the market as a whole.
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 301 days. Half of the listings have come newly on the market in the
past 252 or so days.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
1.0 - 2.5
Top/First $ 799,900 3325 acres 4.0 3.0 3 1 0 199 Most expensive 25% of properties
1.0 - 2.5
Upper/Second $ 499,900 2517 acres 4.0 3.0 3 0 2 147 Upper-middle 25% of properties
0.25 - 0.50
Lower/Third $ 289,900 2002 acre 3.5 2.2 4 1 0 110 Lower-middle 25% of properties
8,001 -
Bottom/Fourth $ 209,000 1382 10,000 sqft 3.0 2.0 4 0 3 128 Least expensive 25% of properties
Median Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.
Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Quartile Prices
In most of the quartile market segments, we see prices in this zip code have stabilized recently. Only Quartile 4 shows any price
increases in the last few weeks. Often this condition happens in markets where demand has fallen (for example, due to micro-
location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.
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 142 days. Half of the listings have come newly on the market in the
past 147 or so days.