St. Louis Real Estate
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For the last 4 years, the number of homes sold in the St. Louis region has been decreasing. Fewer buyers means prices come down. It’s all about supply and demand. When there are a lot of homes on the market for every buyer, sellers are forced to compete for those buyers. The result is that [...]
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The housing market news for the last 5 years can be summarized pretty simply. Housing prices are down. Foreclosures are up. Mortgages are harder to get, but interest rates are at historically low levels. Inman News, an industry publication, just reported good news for a change. While I always caution people when discussing national trends [...]
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Over the last few months, I’ve been surprised that our higher priced homes have been selling much more easily than low to moderately priced homes. With about 40% of homes selling to 1st time buyers each year, good starter homes that are priced appropriately are usually easy to sell. Even in a tough market. Last [...]
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Don’t miss the beginning of this series: Part 1 – St. Louis Sales Trends from 2001-2010 Part 2 – How Many Homes and Condos Failed to Sell? Part 3 – 2010 Home Sales by Price Range Part 4 – 2010 Condo Sales by Price Range How Much Did St. Louis Sellers Reduce their Price to [...]
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Don’t miss the beginning of this Series: Part 1 – St. Louis Sales Trends from 2001-2010 Part 2 – How Many Homes and Condos Failed to Sell? Part 3 – 2010 Home Sales by Price Range Condo sales followed a similar pattern in St Louis City and County during 2010 except in the very high [...]
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Don’t miss the beginning of this Series: Part 1 – St. Louis Sales Trends from 2001-2010 Part 2 – How Many Homes and Condos Failed to Sell? For the last 2 years, I have reported that the majority of buyers were choosing lower priced homes and there was little demand in higher price ranges. Even [...]
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