The St. Louis Real Estate Market continues this week with great activity. The lower price ranges that first time homebuyers typically shop, show an increase in active listings and pending ratios between 16 percent and 18 percent. Buyer activity in these price ranges continues to be strong.
Last week, we mentioned that lending requirements have changed recently and that "quick closings" are a thing of the past.
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The St. Louis Real Estate Market this week....WAIT A MINUTE!....
IS THIS REALLY the first of August already?? Hard to believe, for me, what with a pile of mulch still in my driveway, a yard only half re-landscaped, and my list of summer "honey-do's" is still a mile long. My good intentions better get moving in the next two months or so! (I hope my wife isn't on our RSS feed!)
Ok, back to Real Estate; our market this...
The St. Louis Real Estate Market this week shows a small increase in active listings and a small decrease in homes accepting contracts (Pending). Thus, our pending ratio has dropped slightly from last week. Homes sold for the past six months is at 3246, a decline of about 900 from this same time last year.
WHAT?! I thought our activity was up considerably from last year?? Well, check the numbers; as far as we know, statistics don't lie. Last year, our active listings were up about 700 from this year
The St. Louis Real Estate market this week doesn't look much different than last week. Active listings have increased a tick, our pending ratio continues to hover around 16.5% and inventory remains at 6.1 months as an average across all price ranges.
Buyer activity remains strong and we are even seeing a bit of an up-tick in activity in some of the higher
The St. Louis Real Estate Market this week continues to show great buyer activity, especially in the "First Time Homebuyer" price ranges. These price ranges tend to be around the $100,000 to $250,000 range.
Pending ratios in these price ranges continue at or above 20 percent. Note worthy also
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