St. Louis Real Estate-Market Watch November 14th, 2009

Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest Saint Louis , Sunset Hills, Mo.
November 14th, 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 moves into the bottom half of November with activity at a level much like the past several weeks-steady. We are seeing a few less listings coming on the market, but our pending numbers (homes accepting contracts) is still very strong.

Compared to last year at this time, we are seeing over 200 more homes in the “pending” column with less active listings than last year. Our average pending ratio this week sits at 16.043 percent compared to last year at 10.27 percent.

We hope to see our pending ratios through-out the winter months continue to better last year, as the First Time Home Buyer Tax Credit extension should keep buyers, and sellers, in the market during this time period.

We are talking to sellers who have told us that they are specifically in the market now because of the tax credit extension. They realize that if they wait until after the first of the year, they have a short 4 months to not only get their home sold, but to find themselves another home and take advantage of the $6500 dollar move up buyer tax credit.

NOTE: We will not be publishing our Market Watch report next weekend, as we will be in Pontiac, Michigan for a real estate “boot camp”. The boot camp will give us more insight and education on how to help people in our challenging real estate market with unique solutions to getting their homes bought or sold.

While we are there, we’ll scope out the Detriot Metropolitan real estate market and see if they are showing any signs of recovery and how the Tax Credit extension is working for them.

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, November 15th, 2009 at 12:26 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.