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St Louis Trend Report Shows Year-Over-Year Inventory Decline Nearly Double National Level

year-over-year inventory

St Louis’ year-over-year inventory of homes for sale has declined from 18,740 active listings for sale in the core St Louis market (City of St Louis and Counties of St Louis, St Charles, Jefferson and Franklin) from 18,740 homes for sale in July 2012 to 16,888 homes for sale last month, a decline of 9.9 percent in the  year-over-year inventory, according to MORE, REALTORS.  This is nearly double the national rate of decline in the inventory of homes for sale which was 5.24 percent for the same period, according to the National Association of REALTORS.

During the same period, the time homes are spending on the market in St. Louis has declined 27 percent falling from a median of 66 days on the market in July 2012 to just 48 days in July 2013.  Nationally, the median days on market for listings fell 16.67 percent.

St Louis year-over-year inventory

Data includes City of St. Louis and Counties of St. Louis, St. Charles, Jefferson and Franklin. Source: MORE, REALTORS and MARIS.

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