Supply of Homes for Sale in St Louis West County

How is the Supply of Homes for Sale in St. Louis West County?

Is there a shortage in the supply of homes for sale in St. Louis West County? Statistics became available today so let’s take a look at what might be developing in the spring.
The key indicator to look at is called “Months of Inventory” and the Market Action Index which is also referred to as MAI.

What Does Months of Inventory Mean?

Months Supply and Imapct on PriceMonths of inventory provides an estimate of the amount of time it would take to sell all of the current listings in a given area if no new listings became available.  For example, if in January there are 3 months of inventory and no one decided to put their home on the market at that time … all of the homes would be sold in March.  The graphic shows the impact on price:

See Our Article on How the Number of Months of Inventory Impacts Pricing

What is the Market Action Index?

The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall. Finding Homes for You can get these numbers for you upon request.

Supply of Homes for Sale West County
Updated 6-03-15

Ballwin  Home Inventory Levels May 2015Ballwin

New data on the Ballwin Real Estate Market

Homes for sale in Ballwin Mo by price range

Homes just listed in Ballwin Mo in the past 7 days

Market Action Index-51.9 (Strong Seller’s Advantage)

 

Cheserfield May 2015 Home inventory levelsChesterfield

New data on the Chesterfield Real Estate Market

Homes for sale in Chesterfield Mo by price range

Homes just listed in Chesterfield Mo in the past 7 days

Market Action Index-35.1 (Seller’s Advantage)

 

Wildwood Home Inventory Levels May 2015Wildwood

New data on the Wildwood Real Estate Market

Homes for sale in Wildwood Mo by price range

Homes just listed in Wildwood Mo in the past 7 days

Market Action Index-30.6 (Seller’s Advantage)

 

Was this data helpful?  Would you like more insights into other areas of St. Louis? Email mark@findinghomesforyou.com for more information.

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Alternative in St Louis

Finding Homes for You is a rarity in the St. Louis Real Estate Community. Why? Because we are a company that does not list nor sell any homes. We only work for Buyers.  This strategy has provided a level of confidentiality and objectivity available to prospective home buyers.  We only work for the Buyer, and in doing so, have removed the conflict of interest problem that sometimes plagues our industry. Call us today at 636-532-4200 and experience a new and refreshing way to buy a home.

 

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