Saint Louis Real Estate-Market Watch September 26th, 2009

The Saint Louis Real Estate Market this week continues to see buyers actively shopping for their first new home. We are also seeing good activity from "move-up" buyers looking for their next home. Some of these "move-up" buyers have recently sold, or are in the process of selling, their current residence to a First Time Home Buyer, and now need to find a another home.

Homes accepting contracts (pending) are increasing somewhat each week, driving our average pending ratio up to 16.32% this week. Pending ratios continue to be well above the 20 percent mark in our lower price ranges.

We continue to hear about the possible extension of

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