Following is my market snapshot for the City of St Louis (Areas 1,2,3,4,5) for the month of January 2015. These statistics were gathered from the local multiple listing service, and include Condos/Lofts.
Active Listings: 43
Contingent/Option Listings: 15
Pending Listings: 13
Expired Listings: 14
Sold Listings: 20
For the Sold Listings, the Highest Sales Price was $327,500. The Average Sales Price was $162,163.
Average Days on Market (DOM) was 144.
The Pending Ratio was .3 or 30% - Pendings/Actives - This represents the number of properties going under contract compared to the number of active properties on the market. 13/43
The Absorbtion Rate was 2.15 months - Active homes on the market / # of homes sold in last 30 days. This tells us how many months of inventory we have on the market. It demonstrates how long it would take to sell all the homes on the market if no other homes came on the market. 43/20
Our Absorbtion Rate for Jan 2014 was 1.8. So, there was more inventory on the market this January than last.
I have been representing home buyers and home sellers in the St Louis Metropolitan Area since 1997. I am a Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), and GRI (Graduate, Realtor Institute).
Affiliations: Member St Louis Association of Realtors (SLAR), Member Missouri Association of Realtors (MAR), Member National Association of Realtors (NAR), Member Real Estate Buyer's Agent Council (REBAC), Member Council of Residential Specialists (CRS).
St Louis Real Estate, St Louis Real Estate Agent, St Louis Realtor, St Louis Realty, St. Louis City and St. Louis County Residential Real Estate, Homes, Condos, Lofts & Townhomes.
St. Louis City Neighborhoods: Benton Park, Benton Park West, Bevo Mill, Botanical Heights, St. Vincent Park, Carondelet, Central West End, Clifton Heights, Columbus Square, Compton Heights, Downtown, Dutchtown, Forest Park Southeast, Fox Park, The Gate District, Gravois Park, The Hill, Holly Hills, Lafayette Park, Lasalle, Lindenwood Park, Northampton, Shaw, Skinker/DeBaliviere, Soulard, Southwest Garden, St. Louis Hills, Tower Grove South, Tower Grove East, South City, Wyndown/Skinker.
St. Louis County Communities: Affton, Shrewsbury, Webster Groves, Maplewood, Richmond Heights, Brentwood, Clayton, University City, Bayless, Hancock Place, Lindbergh, Mehlville, Kirkwood, Ladue, Ritenour, Parkway North, Parkway Central, Parkway West, Parkway South, Valley Park, Rockwood Summit, Marquette, Eureka, Lafayette, Crestwood, Saint Louis
A Missouri Licensed Realtor -
Notary Public, State of Missouri -
**All Personal photographs and images/logos are the property of and copyrighted by Tim Tanz, and may not be reproduced or used without his permission.**