St. Louis Real Estate-Market Watch January 2nd, 2010

Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest Saint Louis , Sunset Hills, MO. January 2nd, 2010
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 in our typical cold weather, winter mode. We are seeing less active listings, less homes accepting contracts, which has dropped the pending ratio somewhat to 11.9 percent.

Even though it’s bitter cold right now, we are still experiencing buyer activity, fueled by the extended tax credit and favorable interest rates. Homes in the First Time Homebuyer price ranges continue to get showings. Sellers in the market now should have an upper hand on those who are waiting, as buyers have less to choose from now, but are still making the decision to buy.

This cold weather serves as a reminder that this new year is still a great time to make sure your home is up to date regarding energy efficiency. You can still receive a tax credit for updating windows, doors, roofing, HVAC systems, and even alternative energy sources. Some improvements have a deduction up to 30% of their cost. You can find out more by clicking HERE.

WHO DO YOU KNOW NOW is facing challenges in our local St. Louis Real Estate Market?? We have unique solutions custom tailored for troubled homeowners, sellers and buyers. Contact us for more information.

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 Monday, January 4th, 2010 at 2:12 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.