The Saint Louis Real Estate Market this week continues to see buyers actively shopping for their first new home. We are also seeing good activity from "move-up" buyers looking for their next home. Some of these "move-up" buyers have recently sold, or are in the process of selling, their current residence to a First Time Home Buyer, and now need to find a another home.
Homes accepting contracts (pending) are increasing somewhat each week, driving our average pending ratio up to 16.32% this week. Pending ratios continue to be well above the 20 percent mark in our lower price ranges.
We continue to hear about the possible extension of