O Fallon Real Estate Market Conditions & Reports, O Fallon Market Trends, Missouri

Market Commentary Provided by Top Agent

Report Date

Winter 2010

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Nearest Metro Area

Saint Louis, MO

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

30-60 Days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$150,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

Single-Family Homes

Buyer Activity for the past 90 days in O Fallon is

Seller Activity for the past 90 days in O Fallon is

Is Financing Available For Qualified Buyers in O Fallon?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

There are a lot of builder incentives being offered at this time due to a larger inventory build-up. This will help the housing market as a whole since those buying the new construction have a home to sell and are usually willing to list at a reasonable price.

Reason to Buy/Sell

Good economic news

Average Sold Price

$150,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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