St. Louis Real Estate-Market Watch July 18th, 2009

Saint Louis Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
July 18th, 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 doesn’t look much different than last week. Active listings have increased a tick, our pending ratio continues to hover around 16.5% and inventory remains at 6.1 months as an average across all price ranges.

Buyer activity remains strong and we are even seeing a bit of an up-tick in activity in some of the higher price ranges. Witmessed in the past several weeks by increased attendance at some Open Houses we have hosted and in talking with sellers and For Sale By Owner’s about their Open House experiences.

Sellers that are still “sitting on the fence” should be on the market now, as our “peak season” is still here, but won’t be for too many more months. Homes that are within market value, or a bit below, and are in top-notch condition are selling-and ususally beating the Days On Market averages for their price range. You still must be the number one choice in the neighborhood.

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.

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This entry was posted on Sunday, July 19th, 2009 at 8:08 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.