Do you want to stay on top of what is happening locally in the St. Louis real estate market?
Get the answers to your questions:
- Are sale prices still dropping in St. Louis?
- How long does it take to sell a home?
- How much do sellers come down from their listing price?
- How many sellers are reducing their price?
- How long does it take to sell a home?
Check back each week for our housing market report to get these answers and more.
St. Louis Total Market Overview:
Click on the chart above to see a full size version you can download
Report Highlights:
Real estate sales continue to be strong in St. Louis.
29.4% of all houses on the market today have accepted contracts on them.
In the past 7 days, 10.9% of all listings reduced their price.
One year ago, only 20.7% of houses were under contract which means that homes are selling more easily this year. However, the average Sold Price for homes has remained constant since 1 year ago so prices may have hit bottom, but have not yet started climbing.
While 2,909 homes sold in the last 6 months, 2,436 homes tried to sell and failed (expired listings). With almost 1 home listing failing for every 1 that sells, it DOES make a difference which agent you hire!
If you are ready to sell your St. Louis home, Arch City Homes wants to talk to you!
Possibly Related Posts
Karen Goodman
Karen Goodman is Founder of Arch City Homes and leads a team of top real estate agents in St. Louis, MO.
Follow Me:
{ 0 comments… add one now }