real estate: St. Louis Real Estate Market Watch June 21st, 2008
- 06/22/08 05:45 AM
The St. Louis Real Estate Market this week looks like last week, once again. We have not seen any significant increases or decreases across the board this week. Most of our numbers are stagnant, with a very small increase in active listings, homes accepting contracts and the pending ratio trending upward by .17 percent. It also looks like some of our predictions for the summer are unfortunately coming true. We are almost 500 active listings behind last year's active listings. Our 3471 homes sold in the last six months of 2008 is over 1000 behind last year's homes sold numbers for the same … (1 comments)
real estate: St. Louis Real Estate-Market Watch June 14th, 2008
- 06/15/08 04:40 AM
The St. Louis Real Estate Market this week doesn't look much different than last week-relatively flat. We see a few more active listings, homes sold and the pending ratio increasing slightly. At an average 6.4 months of inventory, we are still very much in a buyer's market. Buying activity has slowed a bit, possibly due to the increase in interest rates from an
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real estate: St. Louis Real Estate-Market Watch June 7th, 2008
- 06/08/08 11:55 AM
The St. Louis Real Estate Market this week continues to remain stable, with a small increase in active listings. However, we are seeing a drop in accepted contracts, thus our pending ratio has dropped this week to 15.61 percent. Average list prices and sales prices continue to move upward slightly and if you compare these to last year's
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real estate: St. Louis Real Estate-Market Watch May 31st, 2008
- 06/01/08 12:40 PM
The St. Louis Real Estate Market this week has hit a "road block" it seems. Active listings are stagnant, with fewer homes accepting contracts. Thus, our pending ratio has fallen by one percent this week. This could be the the start of another smalll market slow-down, which we predicted some months ago. If so, this is a new challenge for us at this time of year, when we usually continue to see activity increasing. Now, with mortgage rates hovering around 6 percent for a fixed 30 year mortgage, buyer's excitement has waned a bit. According to Freddie Mac, growing concerns
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real estate: St. Louis Real Estate-Market Watch May 24th, 2008
- 05/25/08 10:13 AM
The St. Louis Real Estate Market this week continues to hold steady without any major ups or downs. Our active listings have increased a bit, along with the number of homes accepting contracts which drives our pending ratio up to 17.46 percent. With an average of 5.7 months of inventory, we are definitely in that "transitional" range, and a bit closer to a seller's market. Sellers-don't get too excited, because we are still in a definite buyer's market. This
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real estate: St. Louis Real Estate-Market Watch May 17th, 2008
- 05/18/08 04:51 AM
The St. Louis Real Estate Market this week is exhibiting more signs of improvement as active listings are increasing and accepted contracts increasing. These events have pushed the pending ratios up in most price ranges, with the average pending ratio better than 2 percent higher than two weeks ago. We are also seeing the average listing price inching upward a bit-another good sign. We'll see if the average sales price inches up along with it in the months that follow. For the most part, our inventory still remains in that "Transitional" area of 5-7 months.
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real estate: St. Louis Real Estate-Market Watch May 3rd, 2008
- 05/04/08 02:19 PM
The St. Louis Real Estate Market this week shows a small gain in active listings, with fewer homes accepting contracts, thus our pending ratio has declined back to almost 15 percent from last week's 16.16 percent. Not to worry-so far. This is the time of year that we should be seeing more than meager increases in active listings and buyer activity increasing a bit more. The next 4-6 weeks will tell us if we will be seeing our usual summer activity or whether the summer of 2008
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real estate: St. Louis Real Estate-Market Watch April 26th, 2008
- 04/27/08 02:19 PM
The St. Louis Real Estate Market this week continues to show good signs of activity in the lower price ranges; those between $125,000 to $300,000, as the pending ratios continue to perform above the average. Inventory in these price ranges continues to be in that "transitional" level with the $175,000-$199,999 price range showing signs of a sellers market, at least right now. The $450,000-$499,999 price range is also showing great activity with a pending ratio at
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real estate: St. Louis Real Estate-Market Watch April 12th, 2008
- 04/13/08 04:46 AM
The St. Louis Real Estate Market this week is showing small increases in active listings and homes accepting contracts, thus pushing our average pending ratio over 15.5 percent. The major segment of our market which falls in the $100,000 to $300,000 price ranges are exhibiting better than average pending ratios. These price ranges make up 61.7 percent of the active listings this week which tells us that it IS a good time to be in the marketplace. If you are a seller in these price ranges, check out the average list to sale price
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real estate: St. Louis Real Estate-Market Watch April 5th. 2008
- 04/06/08 06:01 AM
The St. Louis Real Estate Market for the first week of April continues a fairly flat performance so far. We are still seeing a small increase in active listings, and a small increase in homes sold, however, our pending ratio has dropped by more than 1 percent this week. With the small increases in active listings and homes sold, we would expect the pending ratio to remain close to constant. However, we also are seeing a decrease in the number of homes accepting contracts, which will drive the pending ratio lower.
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real estate: St. Louis Real Estate-Market Watch March 28th, 2008
- 03/30/08 05:59 AM
The St. Louis Real Estate Market this week continues in our usual Spring trends with increased active listings, a pending ratio very close to 16%, and our average list prices just inching up slightly. In most price ranges, though, we are still below the average list prices we saw a year ago at this time. Our inventory levels in St. Louis are remaining in that Transitional range of 5-7 months, with 6 price ranges falling below 6 months of inventory.
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real estate: St. Louis Real Estate-Market Watch March 22nd, 2008
- 03/23/08 05:18 AM
The St. Louis Real Estate Market this week is WET!! The two days plus of rain we experienced this past week has created more challenges for buyers and sellers. Who ever said, "If you don't like the weather in St. Louis, wait a day or so" has been proven correct again. This past week we've gone from summer temperatures to Spring rain storms and flooding to snow. Our weather however, hasn't put much of a damper on our market moving towards spring with the pending ratio climbing to 15.97 percent over last week's 15.06 percent. The Fed, once again, is trying … (0 comments)
real estate: St. Louis Real Estate-Market Watch March 14th, 2008
- 03/17/08 11:16 AM
FIRST-OUR SINCERE APOLOGIES FOR POSTING THIS SO LATE. WE HAVE HAD SOME TECHNICAL ISSUES ARISE THIS WEEKEND AND WERE UNABLE TO POST UNTIL TODAY. The St. Louis Real Estate Market this week continues to show signs that Spring is on it's way. Active Listings are above the 5000 mark. Buyer activity remains strong as more homes are accepting contracts with the pending ratio remaining above 15 percent. Our inventory levels in most price ranges seem to indicate that we are in a Transitional or Balanced Market with 5-7 months of inventory.
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real estate: St. Louis Real Estate-Market Watch February 29th, 2008
- 02/29/08 05:34 PM
The St. Louis Real Estate Market this week continues to show better buyer activity as evidenced by the pending ratio pushing up over 15% for the first time since August 2007. 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. HOWEVER, don't get buyer activilty and increased home sales confused with pricing. Home prices still continue to decline, and by all indications and predictions by the "experts", we will continue to experience home price … (0 comments)
real estate: St. Louis Real Estate Market Watch-February 22, 2008
- 02/23/08 03:33 AM
Our St. Louis Real Estate Market moves forward with increased activity spurred by the latest interest rate activity and the anticipation of Spring. Check out our current Market Watch Reports below for the current details. More news on the St. Louis Real Estate front comes this week from and article published by Inman News entitled, "Q4 home prices fall in 76% of U.S. zip codes tracked." According to the article, a mortgage data aggregator, First American CoreLogic tracked 7,472 zip codes in the U.S. and found that in 76% of them home prices have dropped.
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real estate: St. Louis Real Estate-Market Watch February 8th, 2008
- 02/09/08 02:59 AM
The St. Louis Real Estate Market this week continues to show positive signs with more active listings, more homes accepting contracts (pendings) and consequently our average pending ratio has climbed above 13% for the first time since November 2007. Our St. Louis Real Estate Market seems to be keeping ahead of the national trends, however. Check out Inman News' article by John Burns untitled, "Real Estate's February Report Card". In his article, John Burns gives an overview of the current National Real Estate Health and talks about our current economic growth, the Leading indicators, Mortgage rates, Consumer behavior and New home Markets. In … (0 comments)
real estate: St. Louis Real Estate-Market Watch February 1st, 2008
- 02/02/08 04:05 AM
The St. Louis Real Estate Market marches forward through the snow this week with an increased number of homes accepting contracts (pendings) and the average pending ratio near 13%. In the price ranges between $125,000 and $200,000 the pending ratios are above 16%. Perhaps some of the market predictions are beginning to come true, as we are seeing our average sale prices inching upward a bit also. The average list price to sales price percentages are also improving in some price ranges. In all price ranges, except for the $800,000 and above range, we see anywhere
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real estate: St. Louis Real Estate-Market Watch January 25th, 2008
- 01/25/08 04:07 PM
The St. Louis Real Estate Market this week continues to show signs of improvement with increases in active listings and homes accepting contracts. Our pending ratio has climbed to almost 12%. That's almost a 1% jump in one week. In the lower price ranges that move our St. Louis market, we see pending ratios already over 12%. We are also seeing in the last week or so, the average list prices are going up ever so slightly along with the average selling prices. The comparison between the average list price to the average selling price over the last six months has … (0 comments)
real estate: St. Louis Real-Market Watch January 18, 2008
- 01/18/08 04:57 PM
St. Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.January 18th, 2008The 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 continues to show positive signs this week with an increase in active listings and a small increase in accepted contracts (pending sales). The pending ratio has dropped just slightly, which is to be expected … (0 comments)
real estate: St. Louis Real Estate-Market Watch January 11th, 2008
- 01/11/08 03:53 PM
St. Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.January 11th, 2008The 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 is finally starting to show some signs of picking up a bit. For the first time in the last four weeks, we are seeing an increase of active listings, an increase in the number … (0 comments)
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To help people stay well informed about trends in the St. Louis area real estate market. Daily updates include news, views and topical issues. Please post your comments, thoughts and ideas. We'd love to hear from you.
The St. Louis Real Estate Market this week looks like last week, once again. We have not seen any significant increases or decreases across the board this week. Most of our numbers are stagnant, with a very small increase in active listings, homes accepting contracts and the pending ratio trending upward by .17 percent.;)
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