sell: Saint Louis Real Estate-Market Watch July 12th, 2008
- 07/13/08 09:56 AM
The Saint Louis Real Estate Market this week continues to show signs of "buyer hesitation" evidenced by a slight increase in active listings with the pending ratio dropping below 14%. With buyers hesitating, not knowing where or when home prices will "bottom out", and some sellers remaining unrealistic with their pricing, we have to ask, "Where are
Continue Reading... … (0 comments)
sell: Saint Louis Real Estate-Market Watch July 5th, 2008
- 07/06/08 04:05 AM
The Saint Louis Real Estate Market this week seems to be slowing a bit with fewer active listings and fewer homes accepting contracts. Thus, our pending ratio has dropped to 14.47 percent. This is the time of the year where we should be at our peak for listings and sales activity. As the summer progresses, it is usually the heat of the summer that tends to slow activity. This summer, with almost perfect weather so far, we see this slow-down fueled by (no pun intended) the increase in gas prices, interest rates adjusting upward a bit
Continue Reading... … (0 comments)
sell: 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)
sell: 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
Continue Reading... … (0 comments)
sell: 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
Continue Reading... … (0 comments)
sell: 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
… (0 comments)
sell: 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
Continue Reading... … (0 comments)
sell: 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.
Continue Reading... … (0 comments)
sell: 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
Continue Reading... … (0 comments)
sell: 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
Continue Reading... … (2 comments)
sell: 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.
Continue Reading... … (0 comments)
sell: 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)
sell: 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.
Continue Reading... … (0 comments)
sell: St. Louis Real Estate- Market Watch for September 15th, 2007
- 09/15/07 09:27 AM
St. Louis Real Estate Market Watch September 15th, 2007The Anatomy of St. Louis Real Estate The St. Louis Home for Sale Team provides a weekly St. Louis County and St. Charles County Market Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome!
With cooler weather here, kids back in school and Halloween candy already in the stores, I guess they (whoever "they" is) would like us to believe that Fall is here. We see a lot of frustrated sellers in the same frame of mind, believing that the "prime selling season" is over. This time of year is … (0 comments)
A real estate weblog ...
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 Saint Louis Real Estate Market this week continues to show signs of "buyer hesitation" evidenced by a slight increase in active listings with the pending ratio dropping below 14%. ;)
;)
