The St. Louis Real Estate Market this week is showing some signs of slowing down a bit. Active listings have dropped by about 5 percent, from 4816 last week to 4568 this week. Every price range from $100,000 up to $350,000 has seen decreases in active listings, homes accepting contracts and pending ratios.
At this time last year, however, even with over 400 more active listings, we were showing only 527 homes accepting contracts (pending) against 769 homes pending this year at this time. Our average pending ratio last year at this time was 10.6 percent against a pending ratio of 16.83 percent this year.
You can make the arguement