Following is my market report for single family residential homes in the city of St Louis (Areas 1,2,3).  These statistics were gathered from the local Multiple Listing Service and are provided as a service to the public:

There are 1175 total Active listings on the market.

227 listings Sold in the last 30 days.

Average sales price was $146,734.

96 was the average days on market (DOM).

There were 106 new Active listings this past week, with List prices ranging from $6,500 to $429,900.

31 listings went Under Contract (Contingent/Option), with list prices ranging from $21,900 to $399,900.

79 listings moved closer to closing (Pending), with List prices ranging from $5,000 to $529,000.

47 listings Sold, with Sold prices ranging from $8,000 to $501,000. 

53 listings Expired from the market, with List prices ranging from $11,900 to $1,995,000.

And 27 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $8,500 to $348,888.

For the 47 listings that Sold, 38.3% were on the market for 30 days or less, and 23.4% were on the market for 120+ days.  For the 30 day or less category, the average sales price to list price ratio was 100.5 %.  For the 120+ day category, the average sales price to list price ratio was 94.2%.   So, homes that are priced correctly will sell faster and for more money.

http://www.timtanzhomes.com