St. Louis Real Estate-Market Watch May 30th, 2009

Saint Louis Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
May 30th, 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 seems to have hit a plateau this week, with our active listings, accepted contracts and pending ratios near last week’s levels. Buyer activity continues to be strong, as we are seeing more and more homes in the under $300,000 ranges recieving multiple offers and accepting contracts quickly.

Even some of the higher price ranges are moving a bit more, with some pending ratios above 15 percent.

For those buyers shopping for a loan, and homeowners who are looking to re-finance in this historically low interest rate market, take note.

That great credit score of 680 or 720 may not get the job done anymore these days. With the mortgage lending landscape changing almost weekly, buyers and re-finance candidates should be prepared for more conservative requirements and possibly some higher costs. Bankrate.com has a great article outlining some of the different situations and how to prepare yourself to avoid any surprises when you talk to your lender. Read the article, “Good Credit Score Not Good Enough Anymore” HERE.

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, May 31st, 2009 at 11:11 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.