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St. Louis Real Estate-Market Watch October 25th, 2008

By
Real Estate Agent with Keller Williams Realty St. Louis

The St. Louis Real Estate Market this week has our pending ratio declining to 10.77 percent, down from last wweek's 11.33 percent.  We are showing about the same number of active listings, but again, fewer homes accepting contracts. Some buyers are still "sitting on the fence", waiting to see what will happen with our financial and housing markets.  Due to this situation, our average month's of inventory has risen to 9.3 monthsNotice that one year ago this week our average months of inventory was 10.4 months. Buyers, you still have fewer homes to choose from than last year.

RisMedia.com released an article on Friday, the 24th

 

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