sell: St. Louis Real Estate-Market Watch May 16th, 2009
- 05/17/09 03:05 PM
The St. Louis Real Estate Market this week still shows great buyer and seller activity. Our pending ratio is up to 16.8 percent, with more active listings coming on the market and more homes accepting contracts this week. The price ranges that typically keep our local market moving; from $100,000 to $300,000 continue with the highest amount of activity, with pending ratios very near and above 20 percent. We see inventory in these price ranges at anywhere from 4.2 months to 6 months.
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sell: St. Louis Real Estate-Market Watch May 9th, 2009
- 05/10/09 02:28 PM
The St. Louis Real Estate market this week is showing increases in active listings, homes accepting contracts and our pending ratio is up to 16.3 percent. These are all good signs of buyer and seller activity. We continue to talk to buyers in the marketplace who are still looking for their "deal of a century". The misconception that a lot of these "bargain hunters" has is that they will be able to find an awesome home, in move-in condition at bargain basement pricing. In our local market, what we are finding
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sell: St. Louis Real Estate-Market Watch May 2nd, 2009
- 05/03/09 04:18 PM
The St. Louis Real Estate Market this week continues with great buyer and seller activity. Active listings, homes accepting contracts and our pending ratios are all fairly consistent with last week's levels. We still continue to see a slight increase in homes being sold, and in some price ranges, we are actually seeing selling prices slighty above the averages from this same time period last year. This year we are beginning
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sell: St. Louis Real Estate-Market Watch April 25th, 2009
- 04/26/09 03:59 PM
The St. Louis Real Estate Market this week continues with good buyer and seller activity with an increase in active listings and an increase in our pending ratio by almost 1 percent from last week. Granted, this is the time of year we always see an increase in activity, but we are definitely seeing positive signs from the buyers and sellers we talk to. However, don't confuse this increase in activity with pricing. Home prices are still a bit behind last year at this
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sell: St. Louis Real Estate-Market Watch April 18th, 2009
- 04/19/09 03:14 PM
The St. Louis Real Estate Market this week shows continued strong buyer activity in the lower price ranges. The higher price ranges, starting at around $350,000 and up are also exhibiting a bit of growth in activity; a bit slower than the lower price ranges, but a hint of some improvement. The time of year has something to do with this, as Spring has usually created an increase of activity, but we are seeing more confidence in the banking industry and mortgage lenders and buyers are becoming more aware of the good values in our local real estate market
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sell: St. Louis Real Estate-Market Watch April 11th, 2009
- 04/12/09 10:11 AM
The St. Louis Real Estate Market this week continues with great buyer activity in the lower price ranges of $100,000 to $300,000. Pending ratios in the St. Louis County area are remaining fairly consistent with previous weeks. Buyers in the St. Charles County area should take notice- homes in the $100,000 to $300,000 price range are moving quickly. Pending ratios are as high as almost 50 percent, which means that almost one out of every two homes
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sell: St. Louis Real Estate-Market Watch April 4th, 2009
- 04/05/09 03:09 PM
The St. Louis Real Estate Market this week is exhibiting continued increase in buyer activity, especially in price ranges of $300,000 and lower. First Time Homebuyers and buyers that were "sitting on the fence" this past year are starting to aggressively look at homes and are buying. We have also seen evidence of multiple offers within days of
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sell: 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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sell: 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)
sell: St. Louis Real Estate-Market Watch March 14th, 2009
- 03/15/09 02:04 PM
The St. Louis Real Estate Market this week is gearing up for spring. We see 235 more listings hitting the market and almost 5% more homes accepting contracts than last week. Our pending ratio is still hovering around 13 percent. Pending ratios in the market moving price ranges, from $100,000-$2250,000 are well above 13 percent. The new $8000.00 first time homebuyer tax credit has helped spur buyer activity quite nicely. For those first time homebuyers that weren't aware of it, that $8000.00 first time homebuyer tax credit expires December 1st, 2009. So...get out there
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sell: 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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sell: St. Louis Real Estate-Market Watch February 28th, 2009
- 03/01/09 02:05 PM
The St. Louis Real Estate Market this week shows a small dip in active listings, but an increase in homes accepting contracts (pending), thus bumping our pending ratio up to 12.89 percent. The majority of this buyer activity continues to be in the price ranges that move our local market; $100,000 up to $300,000. We continue to talk to more first time homebuyers in the market who are spurred on by the first time home buyer credit
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sell: St. Louis Real Estate-Market Watch February 21st, 2009
- 02/22/09 02:27 PM
The St. Louis Real Estate Market this week continues to see active buyers in the market and a small increase in active listings, especially in the prices ranges at $350,000 and below. Our pending ratio has improved a bit as well, pushing just over 12 percent. Our average days on market are still in triple digits, and we are showing 8.3 average months of inventory, which still says that it is definitely a buyer's market. In the lower price ranges, our inventory levels are between 5.8 and 8.6 months, as the price ranges that move the market are continuing
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sell: St. Louis Real Estate-Market Watch February 14th, 2009
- 02/14/09 06:19 AM
The St. Louis Real Estate Market continues to show good activity with buyer activity in the lower price ranges. We experienced a small increase in active listings this week and a small increase in homes that have accepted contracts. We anticipate this activity to continue, especially with our weather cooperating by allowing buyers to get out to view homes without trudging through rain or snow. We need to mention a change that you may have noticed on our Market Watch Reports recently. When looking at the data for average sales price to
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sell: St. Louis Real Estate-Market Watch January 31st, 2009
- 02/01/09 05:51 AM
The St. Louis Real Estate Market this week continues to show stable buyer activity. We see about the same number of homes accepting contracts, while our active listings have declined slightly. Thus, our pending ratios are up a bit to 11.15 percent average. First Time homebuyers take note that the "First Time Homebuyer Credit", or more accurately stated as the "First Time HomeBuyer 15 Year Governmet Loan" program expires on June 30th of this year. Also, there are still cities and counties where MDHC (Missouri Housing Development
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sell: 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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sell: St. Louis Real Estate-Market Watch January 17th, 2009
- 01/18/09 12:50 PM
St. Louis Real Estate- Short Sale Misconceptions Abound. Lately, we have been involved in a number of "short sale" transactions and feel a need to say something here. A brief defintion of a Short Sale is when a homeowner must sell their home for less than they owe on the current mortgage, or mortgages. This is part of the "pre-Foreclosure" period, and the lender is already involved, as they must approve the "short sale" offer from a buyer. A number of things may cause this situation; job loss, divorce, job relocation, medical emergencies, or any major life changing event. Many people we … (0 comments)
sell: 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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sell: St. Louis Real Estate-Market Watch January 3rd, 2009
- 01/03/09 05:09 PM
The St. Louis Real Estate Market this week continues to show stable activity. With the Holidays all around us this past week and a half, our active listing numbers and homes accepting contracts have dropped a bit, but that's to be expected. Our pending ratio, however, has risen slightly, proving that there is still buyer activity in the market. As we start this new year, we expect to see buyer and seller activity increase in the next couple months, driven hopefully by the continued low interest rates and the great values to be had in the market at this time.
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sell: St. Louis Real Estate-Market Watch December 27th, 2008
- 12/28/08 10:44 AM
The St. Louis Real Estate Market this week continues to show good activity, especially in the price ranges of $100,000 up to $300,000. It's not that surprising, as these are the price ranges that keep our market moving. These price ranges are also, co-incidentally, within the FHA financing limits. With FHA financing being many buyers
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The St. Louis Real Estate Market this week still shows great buyer and seller activity. Our pending ratio is up to 16.8 percent, with more active listings coming on the market and more homes accepting contracts this week.;)
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