St. Louis Real Estate- Market Watch September 15, 2007

St. Louis Real Estate Market Watch
September 15th, 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!

With cooler weather here, kids back in school and Halloween candy already in the stores, I guess they (whoever “they” is) would like us to believe that Fall is here. We see a lot of frustrated sellers in the same frame of mind, believing that the “prime selling season” is over. This time of year is still a great time to be in the marketplace, as we will continue to see listings coming off the market. With less competition and buyers actually buying instead of just “kicking tires”, we’ve seen activity picking up ever so slightly. Compared to just a month ago, our listing numbers are down from 6221 to 6029 and our over-all pending ratio has dropped from 14.29% to 12.67%. It seems as though buyer activity is not falling off proportionally to the listings.

Thank you to all who are reading our blog, and finding this information useful. Please do us a favor and take a minute to send us a comment, good or bad..or ugly. Let us know what you think and tell us what else you would like to see here. No promises, other than we will respond to your comments in some form.

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St. Louis Real Estate St. Louis County Market Watch September 15th, 2007

St. Louis Real Estate St. Charles County Market Watch September 15th, 2007

St. Louis Real Estate Benchmark Report August 2007

The report begins by breaking the market into 17 distinct price ranges. Then we show current listings and current pending listings which creates a pending ratio, which is helpful on a week to week basis to see if activity is increasing or decreasing in a price category.

The report also 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)1
Average List Price
Average Sale Price
Average List to Sales 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 you’re 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

Tags: St.+Louis+Real+Estate, St.+Louis+Real+Estate+Market+Watch, St.+Louis+Real+Estate+Blog, MLS, Buyers, Sellers, FSBO, Relocation, First+Time+Home+Buyer, Real+Estate+Investors, For+Sale+by+Owner

This entry was posted on Saturday, September 15th, 2007 at 1:16 pm and is filed under First Time Home Buyer, For Buyers, For Sellers, Real Estate News, Relocation Buyer, Unrepresented Seller(FSBO). 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.