Now obviously I can only speak about Saint Charles County Missouri.  I decided to crunch a few numbers to find out exactly where we stand.  As of right now the single-family residential home inventory is at 3061 homes.  Over the last 12 months we have an average of 388 homes that are sold each month in Saint Charles County.  This means we have about 8 months of inventory to sell off in our market.  "Experts" say the "normal" amount of inventory for the housing market is around 3-4 months. 

As you can see it looks pretty bad.  But let's dive in further.  Over the last 12 months 30% of the listings have been expiring due to various reasons including overpricing, under improvement, etc.  That leaves 2143 homes in our inventory after the market weeds them out.  The average of 388 homes sold per month has actually been on the rise, the average for the last 6 months is 449 homes.  This gives us a home inventory of 4.5 months, a tad higher then where we should be at, but still very respectable.

The market isn't as doom and gloom as you think.  The month of September has already seen 204 sold listings and today is only September 7th.  The market is hot for some people, are you one of them?

If you would like more information regarding real estate or homes for sale in Saint Charles County including Saint Charles, Saint Peters, O'Fallon, Lake Saint Louis, and Wentzville, please visit my website at http://www.snarzyk.com/ or feel free to call me at (314) 210-1996.