St. Louis Real Estate-Market Watch November 8th, 2008

The St. Louis Real Estate Market this week is "getting ready for the holidays". Our pending ratio has risen slightly to 10.65 percent, which reflects about the same number of homes accepting contacts as last week, but with fewer active listings.

We are still seeing lower numbers of homes sold this past six months, compared to the same six months last year. Most of the sellers who have let their listings expire are telling us they are ready to take a break until the holidays are over.

For the sellers that are still on the market-STAY THERE; Buyer

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