St. Louis Real Estate-Market Watch April 20th, 2008

St. Louis Real Estate Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
April 20th, 2008
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 is again seeing a small increase in active listings and accepted contracts; common for this time of year but not quite as active as last year at this time.  Our pending ratio has inched up a bit to 15.86 percent and our inventory in the price ranges that move the St. Louis Market are remaining in that “transitional” area of 5–7 months. 

Another encouraging sign we see is in some of the higher price ranges, where pending ratios are up and the buying acitivity has increased slightly.

Jefferson County this week is showing great signs of activity in the $100,000 to $200,000 price ranges, as pending ratios are running from 13.5 percent up to 22.6 percent.  These are the price ranges that tend to drive the Jefferson County market and make up just over half the total active listings in the County.

 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 April 20th, 2008

St. Louis Real Estate Jefferson  County  Market Watch April 20th, 2008

St. Louis Real Estate St. Charles County Market Watch April 12th, 2008

St. Louis Real Estate Benchmark Report March 2008

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  

Art Wagner can be reached at art@stlouisrealestatevoice.com

This entry was posted on Sunday, April 20th, 2008 at 3:42 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.