September 1st, 2007
The 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!
Holy Cow!! September is already here, and St. Louis Real Estate seems to be slowing a bit again. Across the board, we see 100+ less listings, a pending ratio under 13% and the last six months' average list price and sales price dropping. This is the time of the year, when school is in full force and "summer sellers" get discouraged, that we see our market "cool off" a bit. This week we also see 100+ more listings getting rejected by the market (expired listings). Sellers that have been on the market all summer are getting frustrated, and considering taking their homes off the maket "for a while." For those still on the market, STAY THERE; as listings come off the market, you have less competition AND the buyer pool has not declined much yet. Also, we are seeing that buyers that are out
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