St. Louis Real Estate-Market Watch April 25th, 2009

Saint Louis Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
April 25th, 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 continues with good buyer and seller activity with an increase in active listings and an increase in our pending ratio by almost 1 percent from last week. Granted, this is the time of year we always see an increase in activity, but we are definitely seeing positive signs from the buyers and sellers we talk to.

However, don’t confuse this increase in activity with pricing. Home prices are still a bit behind last year at this time, but our St. Louis market has been fairly stable over the last 18 months. We do not expect to see home prices heading upward by any significant measure for quite some time.

There are still an above average number of foreclosures and short sales still in the marketplace, which will contribute to keeping home pricing at this level for some time. With many neighborhoods in the St. Louis market having more than their normal share of short sales and foreclosures, these sales at lower than market value are entering into appraisals that are done on a “normal” real estate transaction.

If you are thinking of buying or selling in this market now, education and information about the market is essential to a successful transaction. Contact us for a free, no obligation evaluation of your home and neighborhood or the area you are contemplating buying into.

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 26th, 2009 at 8:55 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.