St. Louis Real Estate Market Watch March 7, 2008 by Doug Aegerter@ Keller Williams Realty Southwest, Sunset Hills, MO.

The Anatomy of St. Louis Real Estate

The St. Louis Home for Sale Team provides a weekly St. Louis County and bi-weekly St. Charles County Market and Jefferson County Market Watch Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome! 

The St. Louis Real Estate Market this week continues to show better buyer activity as evidenced again by the pending ratio staying up over 15%. In some of the price ranges between $125,000 and $299,000 pending ratios are as high as 18.7%.  Homes that are on the market now are selling, and those that are priced at market value are selling quickly.

It's interesting to note that in almost all price ranges homes are listing  lower than last year but selling close to the same price for the same time period one year ago. That would seem to indicate that the housing market in St. Louis County is not caving in but that the sellers are pricing homes closer to reality and digging in on the offers. It's taking longer to sell (DOM) and the number of homes sold are fewer, but note the price range stability! If you're getting ready to compete in this market now is the time to get a CMA from us and have a consultation with a home staging expert. You absolutely have to get the selling price right and put your best foot forward.

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