St. Louis Real Estate Market Watch - Just the facts ma’am!

Successfully Pricing Homes in a Shifting St. Louis Real Estate Market

The Anatomy of the St. Louis Real Estate Market

It really doesn’t matter what the national statistics are indicating. We live in a place called St. Louis and we have our own profile that should be analyzed and acted upon. In an effort to become more than a pretty face on a refrigerator, the The St. Louis Home for Sale Team will provide a weekly St. Louis County Market Report to study, question, comment on and plug into your analysis.

We look at the St. Louis County market weekly and break the report into 17 price ranges:

$100,000 - $125,000 - $150,000 - $175,000 - $200,000 - $250,000 - $300,000 - $350,000 - $400,000 - $450,000 - $500,000 - $550,000 - $600,000 - $650,000 - $700,000 - $750,000 - $800,000+

The report shows the last 6 months of results and compares the data to the same 6 months of the previous year.

The Market Analysis includes data on:

• Number of Active Listings (Current)
• Pending Sales (Going to closing)
• Pending Ratio (Active vs.Pending)
• Sold (Last 6 months)
• Expired (Last 6 months)
• Average List Price
• Average Sale Price
• Days on Market (DOM)
• Months worth of Inventory (Based on current pending rate)

Buyers Market: > 7 months of listing inventory

Transitional Market: 5 - 7 months of listing inventory (sometimes called a “balanced” market)

Seller Market: < 5 months of listing inventory

• Average % Sale Price/List Price (0-30), (31-60), (61-90), (91-120), (120+)DOM
  Notice that your paying a penalty for over pricing. . .hey. . .it’s a fact!

The Benchmark Report is produced monthly for:

• Single Family Residence
• Ranch Style
• 1300 - 2000 sq.ft.
• 3 Bedrooms
• 1.5 Bathrooms

It is important to remember. . . that it’s impossible to “Time the Market”, it doesn’t matter what happened in 2003/2004. If you want to avoid turning up in the “Expired Listing” column when the market rejects your home, then accurate pricing is the key to selling fast. To find out more about “Successfully Pricing Your Home” email “The St. Louis Home for Sale Team” and be sure to subscribe to our blog for weekly updates.

It’s your money.

Market Report for March 09, 2007

Benchmark_Report for March, 2007

This entry was posted on Friday, March 16th, 2007 at 3:34 pm and is filed under St. Louis Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.