The St. Louis Real Estate Market this week is seeing good buyer activity in the lower price ranges, from $100,000 to $300,000. This activity is being spurred by the new first time homebuyer's tax credit of $8000.00.
One note that some buyers may not be aware of is that this First Time Homebuyer's Tax Credit is available to anyone, as long as you have not owned a home in the last three years. If you previously owned a home, sold it , or by some unfortunate circumstance lost your home, and are
The St. Louis Real Estate Market this week shows a small dip in active listings, but an increase in homes accepting contracts (pending), thus bumping our pending ratio up to 12.89 percent. The majority of this buyer activity continues to be in the price ranges that move our local market; $100,000 up to $300,000.
We continue to talk to more first time homebuyers in the market who are spurred on by the first time home buyer credit
The St. Louis Real Estate Market this week continues to see active buyers in the market and a small increase in active listings, especially in the prices ranges at $350,000 and below. Our pending ratio has improved a bit as well, pushing just over 12 percent.
Our average days on market are still in triple digits, and we are showing 8.3 average months of inventory, which still says that it is definitely a buyer's market. In the lower price ranges, our inventory levels are between 5.8 and 8.6 months, as the price ranges that move the market are continuing
The St. Louis Real Estate Market continues to show good activity with buyer activity in the lower price ranges. We experienced a small increase in active listings this week and a small increase in homes that have accepted contracts. We anticipate this activity to continue, especially with our weather cooperating by allowing buyers to get out to view homes without trudging through rain or snow.
We need to mention a change that you may have noticed on our Market Watch Reports recently. When looking at the data for average sales price to
The St. Louis Real Estate Market this week continues to show stable buyer activity. We see about the same number of homes accepting contracts, while our active listings have declined slightly. Thus, our pending ratios are up a bit to 11.15 percent average.
First Time homebuyers take note that the "First Time Homebuyer Credit", or more accurately stated as the "First Time HomeBuyer 15 Year Governmet Loan" program expires on June 30th of this year. Also, there are still cities and counties where MDHC (Missouri Housing Development
St Louis Real Estate. Search the entire MLS to buy a house, sell a home, video tours, relocation help and Saint Louis news and information. Visit my web site and use your mouse to find a house.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
