St. Louis Real Estate-Market Watch October 18th, 2008

The St. Louis Real Estate Market this week shows a very small increase in activity with a few more homes accepting contracts, coupled with less active listings, which has pushed our pending ratio up to 11.33 percent. Our number of homes sold in the past six months continues to decline with an increase in expired or market rejected listings.

The buyers we've talked with this week are still taking "stock", literally of their positions with their investments and how the last several weeks of the stock

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