property: St. Louis Real Estate-Market Watch October 19th, 2009
- 10/19/09 10:27 AM
The St. Louis Real Estate Market this week is starting to follow our typical Fall trends with fewer new active listings. Of the active listings out there, we are still seeing pending ratios (homes accepting contracts) well above the 20 percent mark in the lower price ranges. The St. Charles County market is on FIRE in their lower price ranges. In the $100,000 to $125,000 range, 42 out of 75 active listings have accepted contracts in the last 30 or so days, for a
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property: St. Louis Real Estate-Market Watch September 12th, 2009
- 09/14/09 04:42 PM
The St. Louis Real Estate Market this week shows a slight increase in active listings and and increase in homes accepting contracts and sold. This activity has pushed the pending ratio up three quarters of a point to 15.27 percent. Activity in the lower price ranges still accounts for the majority of our sales, as first time homebuyers scramble to beat the deadline of November 30th. November 30th is the last day a buyer will be able to close on a home and still qualify for the $8000.00 tax credit. If you are keeping up with the news, nationally and locally, … (0 comments)
property: St. Louis Real Estate-Market Watch September 5th, 2009
- 09/07/09 05:40 AM
The St. Louis Real Estate Market this week continues with great activity in the lower price ranges, from $100,000 up to $250,000. St. Louis County pending ratios are anywhere from 16 percent up to 21 percent in these price ranges. It's worthy to note that in St. Charles County, the same price ranges are exhibiting pending ratios from 12.7 percent up to a high of 36.5 percent. With a little less than 3 months left before the First Time Homebuyer Tax Credit of $8000.00 expires, buyer
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property: St. Louis Real Estate Market Watch August 29th, 2009
- 08/29/09 09:04 AM
The past several weeks we have been touting the benefits to First Time Homebuyers and why they should get out there and buy now. Whether you are a first time homebuyer, a repeat buyer, a second home buyer or a seller in this market, there are incentives for you too. If you are buying
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property: St. Louis Real Estate-Market Watch July 25th, 2009
- 07/26/09 03:17 PM
The St. Louis Real Estate Market this week shows a small increase in active listings and a small decrease in homes accepting contracts (Pending). Thus, our pending ratio has dropped slightly from last week. Homes sold for the past six months is at 3246, a decline of about 900 from this same time last year. WHAT?! I thought our activity was up considerably from last year?? Well, check the numbers; as far as we know, statistics don't lie. Last year, our active listings were up about 700 from this year
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property: St. Louis Real Estate-Market Watch June 13th, 2009
- 06/14/09 08:11 AM
The St. Louis Real Estate Market this week continues with great activity and enthusiasm. However, over the last two weeks, a "monkey wrench" of sorts has been thrown into the mix for a lot of homebuyers and current homeowners who are planning to re-finance their mortgage. Mortgage rates for the last two weeks have been going up, and now are at their highest level since Thanksgiving last year. WHOA!! How did this happen, you ask? There are lots of theories out there, from less Federal involvment in the mortgage industry; increased buyer activity has made lenders over-confident of what's really hapening ; … (0 comments)
property: St. Louis Real Estate-Market Watch March 28th, 2009
- 03/29/09 01:28 PM
The St. Louis Real Estate Market this week continues to head into Spring with great activity. Our lower price ranges from $100,000 to $300,000 continue to show activity well above our average pending ratios. Some of these price ranges are approaching 20 percent with their pending ratios. We continue to witness a lot of first time homebuyer
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property: St. Louis Real Estate-Market Watch March 21st, 2009
- 03/22/09 01:13 PM
The St. Louis Real Estate Market this week is showing positive signs with over 100 more active listings coming onto the market and buyer activity increasing. This increase in activity has pushed our pending ratio up over 13 percent this past week for the first time since August last year. Spring is in the air, first Continue Reading... … (0 comments)
property: St. Louis Real Estate-Market Watch March 7th, 2009
- 03/08/09 01:57 PM
The St. Louis Real Estate Market this week is seeing good buyer activity in the lower price ranges, from $100,000 to $300,000. This activity is being spurred by the new first time homebuyer's tax credit of $8000.00. One note that some buyers may not be aware of is that this First Time Homebuyer's Tax Credit is available to anyone, as long as you have not owned a home in the last three years. If you previously owned a home, sold it , or by some unfortunate circumstance lost your home, and are
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property: St. Louis Real Estate-Market Watch January 24th, 2009
- 01/25/09 01:57 PM
St. Louis Real Estate-Peeking Into The Future for our local market will probably look a lot like 2008, but with home prices and values still declining a bit into the second quarter of this year. I know that's not the best news you've heard, but that seems to be the consensus when we look at our current market statistics and read forecasts from Home Builder's Associations, Mortgage Bankers and read reports with a "grain of salt" from economic advisors in Washington. Even thought our local market has been fairly
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property: St. Louis Real Estate-Market Watch January 10th, 2009
- 01/11/09 04:35 AM
The St. Louis Real Estate Market this week has slowed just a bit compared to last week's activity. In spite of buyers, and sellers, still waiting we at least are seeing a few more listings coming onto the market. These sellers are undoubltedly making the right move now, as our volume of listings increases greatly as we get closer to spring. Motivated buyers in the marketplace now don't have as many homes to look at as they will closer to spring
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property: St. Louis Real Estate-Market Watch November 29th, 2008
- 11/30/08 01:26 PM
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 slow as we head into Holiday season with 100+ less active listings, almost 50 less accepted contracts and our pending ratio dropping below 10 percent to 9.76 percent. This is the lowest pending ratio we've recorded since we started tracking these statistics
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property: St. Louis Real Estate-Market Watch November 15th, 2008
- 11/16/08 12:45 PM
The St. Louis Real Estate Market this week has our pending ratio dropping from last week to 10.27 percent, with a few more active listings and a few less homes accepting contracts. This "slow down" is very typical in our local St. Louis Real Estate Market for this time of the year, however, it feels worse this year, as we are well below last year's buyer and seller activity levels. What makes this year different
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property: St. Louis Real Estate-Market Watch October 25th, 2008
- 10/26/08 06:50 AM
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 months. Notice 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 … (0 comments)
property: St. Louis Real Estate-Market Watch October 18th, 2008
- 10/19/08 11:29 AM
The St. Louis Real Estate Market this week shows a very small increase in activity with a few more homes accepting contracts, coupled with less active listings, which has pushed our pending ratio up to 11.33 percent. Our number of homes sold in the past six months continues to decline with an increase in expired or market rejected listings. The buyers we've talked with this week are still taking "stock", literally of their positions with their investments and how the last several weeks of the stock
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property: St. Louis Real Estate-Market Watch October 4th, 2008
- 10/05/08 12:56 PM
The St. Louis Real Estate Market this week is seeing 100+ fewer listings than last week and fewer homes accepting contracts. Our pending ratio is better than one percent below last week at 10.89 percent and we are seeing more listings expiring and staying off the market, at least for now. It's no wonder, with all the financial news this past week. Between the $700 Billion Bailout package issues this past week and now we're still not sure whether Citicorp
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property: St. Louis Real Estate-Market Watch September 20th, 2008
- 09/21/08 04:05 PM
The St. Louis Real Estate Market this week continues our September trends with a few less active listings. Buyer activity remains steady, as homes are accepting contracts and our pending ratio is holding above 12 percent so far. The price ranges that tend to keep our market moving; $100,000 through
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property: St. Louis Real Estate-Market Watch September 13th, 2008
- 09/14/08 12:52 PM
The St. Louis Real Estate Market this week is pretty much a mirror image of last week, so I won't bore you with reciting numbers-just click on the Market Watch report for this week and read the numbers for yourself. The part of the current Market Watch that bears some discussion is the comparison of this week's total average statistics versus this same week last year. This week, we are 615 active listings fewer than last year at this time. Our pending
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property: St. Louis Real Estate-Market Watch September 6th, 2008
- 09/07/08 01:41 PM
The St. Louis Real Estate Market this week begins September with fewer active listings and our average pending ratio at 12.29 percent. Our six month survey of closed transactions ( solds) continues to inch upward due to the numbers of homes that accepted contracts a few months ago and are finally at the closing table. Our six month survey of market rejected (expired) listings
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property: St. Louis Real Estate-Market Watch August 30th, 2008
- 08/31/08 03:09 PM
The St. Louis Real Estate Market this weeks shows a few more active listings coming on the market and still fewer homes accepting contracts. Thus, our pending ratio has fallen again to 12.37 percent. This past February was the last time we saw a pending ratio under 13 percent. We are starting to move into our fall statistics now, instead of waiting until mid September and into October.
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The St. Louis Real Estate Market this week is starting to follow our typical Fall trends with fewer new active listings. Of the active listings out there, we are still seeing pending ratios (homes accepting contracts) well above the 20 percent mark in the lower price ranges. ;)
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