St. Louis Real Estate - Market Watch - March 7, 2008

St. Louis Real Estate Market Watch March 7, 2008 by Doug Aegerter@ Keller Williams Realty Southwest, Sunset Hills, MO.

The Anatomy of St. Louis Real Estate

The St. Louis Home for Sale Team provides a weekly St. Louis County and bi-weekly St. Charles County Market and Jefferson County Market Watch 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 continues to show better buyer activity as evidenced again by the pending ratio staying up over 15%. In some of the price ranges between $125,000 and $299,000 pending ratios are as high as 18.7%. Homes that are on the market now are selling, and those that are priced at market value are selling quickly.

It’s interesting to note that in almost all price ranges homes are listing lower than last year but selling close to the same price for the same time period one year ago. That would seem to indicate that the housing market in St. Louis County is not caving in but that the sellers are pricing homes closer to reality and digging in on the offers. It’s taking longer to sell (DOM) and the number of homes sold are fewer, but note the price range stability! If you’re getting ready to compete in this market now is the time to get a <a title=”FREE< FREECMA from us and have a consultation with a home staging expert. You absolutely have to get the selling price right and put your best foot forward.

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Oh, and we love to see the comments, so bring them on!!

For some great information regarding the real estate market and a really cool home-value calculator, check out the report just released by the Office of Federal Housing Enterprise Oversight (OFHEO) at http://www.ofheo.gov/.

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 March 07, 2008

St. Louis Real Estate Jefferson County Market Watch March 07, 2008

St. Louis Real Estate St. Charles County Market Watch February 29th, 2008

St. Louis Real Estate Benchmark Report March 2008

Market Watch and Benchmark Report Key

Doug Aegerter can be reached at doug@stlouisrealestatevoice.com

This entry was posted on Sunday, March 9th, 2008 at 2:58 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.