Following is the weekly market report for single family residential homes in the city of St Louis (Areas 1,2,3) for the week of March 21, 2008. These statistics were gathered from the local multiple listing service:
There are 1,748 Active residential listings on the market.
Of those, 102 are new Active listings, with List prices ranging from $11,900 to $725,000.
36 listings went under contract (Contingent/Option), with List prices ranging from $29,900 to $1,499,000.
61 listings moved closer to closing (Pending), with List prices ranging from $5,900 to $519,000.
35 listings Sold, with Sold prices ranging from $19,000 to $504,000.
64 listings expired, with List prices ranging from $17,900 to $539,900.
And finally, 27 listings went Inactive, with List prices ranging from $24,000 to $514,900.
Of the 35 Sold listings, for the properties that were on the market 30 days or less, the average sale price to list price ratio was 99.4%. For the properties on the market 120+ days, the average sale price to list price ratio was 95.2%. Homes that are priced correctly to begin with, sell faster and for more money.
Happy Easter Weekend!
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