St. Louis Real Estate-NOW WHAT?!

St. Louis Real Estate Market Watch
September 28th, 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!

Our St. Louis Real Estate Market seems to be “holding it’s own”, at least for the month of September. The Pending Ratio (our comparison of number of listings to accepted contracts in the last month) has remained between 12%-13% and the the average list prices have remained fairly stable in all price ranges. Some may say we’ve hit the bottom in this market. Maybe, but this scenario is still following the yearly trends of Fall in the St. Louis Real Estate Market. From now until the end of the year, we will continue to see the number of listings fall off a bit, with the buyer pool still remaining active. Listening to the media touting the Lousy Real Estate Market has some people concerned and some sellers wary in St. Louis, but as we all know, the media will report the attention grabbing stories. The St. Louis Real Estate Market, and many other Midwest markets are fairly stable and not very news-worthy. The entire country as a whole is news-worthy, as the markets on the East and West Coast and Florida serve to make over-all averages look drastic. Check out Doug Aegerter’s recent post here entitled “St. Louis Real Estate-Who’s Confused—ME??.

Interested in new home sales? Check out these statistics here..New Home Stats

Check This Out– By Jeannine Aversa, AP Economics Writer– New Home Sales

Next Week we will be replacing the St. Charles Market Watch with Jefferson County Market Watch.

Thinking of buying or selling a home? Contact Us for additional information tailored to your specific needs.

St. Louis Real Estate St. Louis County Market Watch September 28, 2007

St. Louis Real Estate St. Charles County Market Watch September 28, 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: