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