St. Louis Real Estate-Market Watch October 31st, 2009

By
Real Estate Agent with Keller Williams Realty Southwest

 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.

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