The St. Louis Real Estate Market this week still shows great buyer and seller activity. Our pending ratio is up to 16.8 percent, with more active listings coming on the market and more homes accepting contracts this week.
The price ranges that typically keep our local market moving; from $100,000 to $300,000 continue with the highest amount of activity, with pending ratios very near and above 20 percent. We see inventory in these price ranges at anywhere from 4.2 months to 6 months.
The St. Louis Real Estate market this week is showing increases in active listings, homes accepting contracts and our pending ratio is up to 16.3 percent.
These are all good signs of buyer and seller activity. We continue to talk to buyers in the marketplace who are still looking for their "deal of a century". The misconception that a lot of these "bargain hunters" has is that they will be able to find an awesome home, in move-in condition at bargain basement pricing.
In our local market, what we are finding
The St. Louis Real Estate Market this week continues with great buyer and seller activity. Active listings, homes accepting contracts and our pending ratios are all fairly consistent with last week's levels. We still continue to see a slight increase in homes being sold, and in some price ranges, we are actually seeing selling prices slighty above the averages from this same time period last year.
This year we are beginning
The St. Louis Real Estate Market this week continues with good buyer and seller activity with an increase in active listings and an increase in our pending ratio by almost 1 percent from last week. Granted, this is the time of year we always see an increase in activity, but we are definitely seeing positive signs from the buyers and sellers we talk to.
However, don't confuse this increase in activity with pricing. Home prices are still a bit behind last year at this
The St. Louis Real Estate Market this week shows continued strong buyer activity in the lower price ranges. The higher price ranges, starting at around $350,000 and up are also exhibiting a bit of growth in activity; a bit slower than the lower price ranges, but a hint of some improvement.
The time of year has something to do with this, as Spring has usually created an increase of activity, but we are seeing more confidence in the banking industry and mortgage lenders and buyers are becoming more aware of the good values in our local real estate market
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