St. Louis Real Estate-Trudging Along..

St. Louis Real Estate Market Watch
October 6^th, 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!

The St. Louis Real Estate Market this week again looks a lot like last week, in our Fall slowing trend. Our total active listings are dropping, and are expected to be under 6000 by next week. Following the active listings of course is a drop in pending sales and our pending ratio is headed lower as well. The only indicator headed up is the expired listing numbers, which would tend to indicate that more and more sellers are coming off the market. For those sellers that are remaining in the marketplace, GREAT! In the next couple of weeks, you should have a lot less competition, so price your home within market value and you stand a good chance of getting it sold.

This week, we have replaced the St. Charles County Market Watch report with the Jefferson County Market Watch report. We feel this change will be more relevant to the readership we have attracted so far, as more of them work and live in either St. Louis County or Jefferson County.

Here’s a bit of Trivia: What does the City of St. Louis have in common with Washington D.C. ?

Hint-The two cities are unlike any other city in the country in this respect. Answer next week.

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

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 October 6th, 2007

St. Louis Real Estate Jefferson County Market Watch October 6th, 2007

St. Louis Real Estate Benchmark Report September 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: