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Weekly Condo/Loft Market Report - City of St Louis - April 4, 2008
Following is the weekly market report for single family homes in the City of St Louis (areas 1,2,3). These statistics were gathered from the local Multiple Listing Service:
There were 831 total Active lisings on the market. The average days on market was 209.
There were 26 new Active listings on the market, with List prices ranging from $99,000 to $539,000.
11 listings went under contract (Contingent/Option), with List prices ranging from $129,900 to $324,900.
16 listings went Pending, with List prices ranging from $19,900 to $878,000.
15 listings Sold, with Sold prices ranging from $85,000 to $567,500.
27 listings Expired, with List prices ranging from $79,900 to $445,000.
And, finally, 14 listings went Inactive (Cancelled/Withdrawn), with List prices ranging from $83,400 to $209,900.
The pending ratio was 1.9%. This is the number of properties going under contract compared to the number of active properties on the market - pendings/actives. This is up from last week's ratio of 1.3%.
The absorbtion rate was 21.3. This tells how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes if no other homes came on the market - active/number of solds in last 30 days. This is down from last week's ratio ... more
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