St. Louis Real Estate-Market Watch April 4th, 2009

Saint Louis Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
April 4th, 2009
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 exhibiting continued increase in buyer activity, especially in price ranges of $300,000 and lower.

First Time Homebuyers and buyers that were “sitting on the fence” this past year are starting to aggressively look at homes and are buying. We have also seen evidence of multiple offers within days of a home going on the market, and buyers competing to get their offers accepted.

This doesn’t necessarily mean that our real estate challenges are over, but these are good healthy signs that conditions are improving, at least for now with spring around the corner.

Buying activity has definitely picked up, but we are still seeing home prices remaining fairly stable, as they have been for the past several months. We expect buyer activity to continue to be good, but at the same time predict that home prices will remain at the same level they are at now.

Our average inventory number is still at 7.6 months, signaling a buyers market for some time. We expect our market to remain much the same as it is now for the next year. There are still quite a number of challenged home owners who will be facing foreclosure or short sale situations this year, which will affect our average pricing, keeping it in the range that it is now.

REAL ESTATE AGENTS AND FOR SALE BY OWNERS- Are your listings and / or home sitting on the market too long?? 120 days or more?? We have a program designed to get your listing or FSBO home sold. Real Estate Agents get paid their commission in full. Contact us for more info.

WHO DO YOU KNOW NOW that is challenged with their mortgage payments OR needs to sell for less than their home is worth?? WE CAN HELP!!

WHO DO YOU KNOW that’s thinking of buying or selling a home?

Contact Doug Aegerter or Art Wagner for more information and a FREE Comparative Market Analysis (CMA) of your home or your neighborhood.

Fill out the form below to view the Market Report.

This entry was posted on Sunday, April 5th, 2009 at 8:05 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.