October 13th, 2007
The Anatomy of St. Louis Real Estate
The St. Louis Home for Sale Team provides a weekly St. Louis County and Bi-weekly St. Charles County Market and Jefferson County Market Watch Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome!
Over the last several weeks our St. Louis County Real Estate Market has seemed to stabilize a bit, with our total listing numbers still hovering above the 6000 mark and the pending ratio is remaining around 11.5%. This week our listing numbers have actually inched upward over last week and the "market rejected" listings (expired's) have increased by about the same amount. If you look closely, our average list price has inched up slightly in the last month along with the average selling price. Not very exciting, except that here's proof again that we are a fairly stable market, unlike the other parts of the country that you see, read and hear about through the media.