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St. Louis Real Estate Search

 

St Louis Pending Home Sales For 2016 Hit Highest Level In Years






Homes are selling in St Louis at a brisk rate evidenced by the fact that pending home sales, those listings that are under contract to a buyer but not yet closed, for 2016 through the end of April increased 9.2% from the same time last year. As the chart below illustrates, year to date pending home sales in the St Louis 5-County core market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) thus far this year are at a level higher than we have seen in years! Pending home sales in the month of April itself just barely outperformed April 2015 (be about 1/2 of 1%) but it did. […]

St Louis Pending Home Sales Fall In February From Year Ago






There were 1,875 home pending home sales in the St Louis area (5 county core market) in February, 13.7 percent less than a year ago when there were 2,172 pending home sales. Listings with a contract on them from a buyer, but have not closed yet, are counted as pending home sales. […]

St Louis Pending Home Sales Slip Slightly In January – Prices Up






Pending home sales in St Louis fell slightly last month from a year ago for the 5-county core St Louis market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin). Through the end of last month, there were 3,182 pending home sales for the area, down slightly from 3,200 during the same period a year ago. […]

Pending Home Sales Fall In U.S. But Not In St Louis

Pending home sales in the U.S. fell again in September, to the second lowest level this year, according to a newly released report from the National Association of REALTORS (NAR). According to the report, pending home sales in the U.S. dropped 2.3 percent in September from the month before.

St Louis Pending Home Sales […]

Pending Home Sales In April Hit Highest Level In Nine Years






The pending home sales index, published by the National Association of REALTORS┬« ,based upon the number of homes that went under contract but have not yet closed yet, hit 112.4 in April, a 3.4% increase from March and a 14% increase from a year ago marking the largest annual increase in almost 3 years (since September 2012) and the highest level for the index since hitting 112.5 in May 2006 during the height of the boom. […]

St Louis Pending Home Sales Rise In February






Pending home sales in St Louis rose in February with 1,710 sales pending in the St Louis 5-county core market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin), an increase of 17 percent from 1,460 pending home sales the month before, however was a decrease of 11% from February 2014 when there were 1,917 pending home sales in the St Louis 5-county core market. […]

Pending Home Sales Slip In St Louis and Throughout Midwest

Pending home sales, those listings that have contracts pending but have not yet closed, declined in St Louis in December 3.2 percent to 1,621 pending home sales from 1,674 sales in December 2013. For the midwest region of the U.S. as a whole, pending home sales slipped a little in November (the latest month […]

Pending Home Sales Down In August; Sales Pace Falling Short Of Last Year






There were 2,017 Pending Home Sales in St Louis in August, down from 2,293 pending home sales in July and down 6.6% from August 2013 when there were 2,159 pending home sales,, according to MORE, REALTORS. There have been a total of 15,998 pending home sales in St Louis year to date through the end of August 2014 which is a decline a 4.9% from the same time last year when there were 16,829 pending home sales. […]

St Louis Pending Home Sales Slip In July

St Louis Pending Home Sales slipped in July falling to a total of 2,654 pending home sales for the 5-county core area of the St Louis market, down 7.8 percent from the month before when there were 2,877 pending home sales, according to MORE, REALTORS. Year to date through the end of July, there […]

St Louis Pending Home Sales Decline

St Louis pending home sales were down in February from a year ago and, thus far, 2014 is off to a slower pace than 2013 in terms of St Louis area home sales. For the 3-county area, which includes St Louis county, St Charles county and the city of St Louis, there were a […]

Decreasing home supply and increasing home sales pointing to higher home prices






Over the past few months I have talked a lot about whether St Louis home prices have hit bottom yet and, in an article about 3 months ago said it appeared they bottomed out last year. When writing on the topic have stressed that, by the time we see solid proof of the bottom we will be past it and home prices will already be on the rise. Today’s pending home sales from the National Association of REALTORS (NAR) supports this notion and shows signs that increasing demand and decreasing supply is putting a damper on the rate of recovery of home sales and will also lead to higher home prices. Yesterday I wrote about home prices in the U.S. increasing 6.9 percent in the 2nd quarter (according to the Case-Shiller index) and increasing over 5 percent during the same period here in St. Louis. […]

U.S. Home Sales Slip In June;   Midwest outperforms the rest of the country






The National Association of REALTORS released it’s Pending Home Sales Index for June today showing a decrease of 1.4 percent in the index from the month before (seasonally adjusted) and a 9.5 percent increase from a year ago. However, here in the Midwest, the numbers are better with pending home sales decreasing just 0.4 percent from May, the smallest decrease for the month of all the regions, and Midwest pending home sales in June increased 17.3 percent from a year ago, which is the highest year-over-year increase of all regions in the U.S. […]

Home sales increase in May;   2012 on track to see 9 to 10 percent more sales than 2011






he National Association of REALTORS released it’s Pending Home Sales Index for May today showing an increase of 5.9 percent in the index from the month before (seasonally adjusted), a 13.3 percent increase from a year ago and is now at the highest level it’s been since April 2010. […]

Pending home sales rise in July; Down 19 percent from the year before

Dennis Norman

After hitting all-time low in June, pending home sales increase 5.2 percent in July

The National Association of REALTORS Pending Home Sales Index for July shows an increase of 5.2 percent in the index in July (seasonally adjusted) which is 19.1 percent below July 2009.

[…]

Pending Home Sales Hit a new Record-Low in June

Dennis Norman

NAR Pending Home Sales Index at Lowest Level Since Index Began in 2001

At dropping 30 percent in May as a result of the rush to buy a home before the April 30th tax credit deadline, the National Association of REALTORS Pending Home Sales Index for June shows a further decline of […]

Pending Home Sales Index For May Drops to Lowest Level In History of Index

Dennis Norman

There was no question in my mind that home sales would plummet after the April 30th deadline to buy a home and qualify for the home-buyer tax credit passed, the only question was how bad? Today the National Association of REALTORS released it’s Pending Home Sales Index for May showing a decrease […]

Pending Home Sales Increase In April as Buyers Rush to Beat Tax Credit Deadline

Dennis Norman

Today the National Association of REALTORS released it’s Pending Home Sales Index for April showing an increase of 6.0 percent in the index from March (seasonally adjusted) and a whopping 22.4 percent increase from April 2009. This comes on the heels of a 5.3 percent increase in March and an 8.3 […]

Pending Home Sales Continue On The Rise In March

Dennis Norman

Today the National Association of REALTORS released it’s Pending Home Sales Index for March showing an increase of 5.3 percent in the index from February (seasonally adjusted) and a whopping 21.1 percent increase from March 2009. This follows an 8.3 percent increase in February so it is definitely creating a nice […]

St Louis Real Estate – Home Sales Jump In February

Dennis Norman

Today the National Association of REALTORS released it’s February Pending Home Sales Index showing a increase of 8.2 percent (seasonally adjusted) in the index for the U.S. from January and a 17.3 percent increase from last year. The Midwsest region had the best results with February home sales increasing 21.8 percent from […]

St. Louis Real Estate – Realtor Pending Home Sales Index shows Real Estate Market Leveling off

Dennis Norman

Today the National Association of REALTORS released it’s December Pending Home Sales Index showing an increase of 1.0 percent in the index from November (seasonally adjusted) and a 10.9 percent increase from last year.

Here are highlights from the report:

December”s pending home sales index (seasonally adjusted) was 96.6 (the […]

Let’s play ‘spin the data’

Dennis Norman

Or should I say “It’s all in the headline”?

So what am I talking about? The pending home sales data that was released by the National Association of REALTORS today, of course. Actually I could be referring to any data on the housing market whether new home sales, […]

Pending home sales rise for ninth consecutive month

Lawrence Yun, Chief Economist, NAR

Is the increase real or have the tax-credits created an “artificial” market that cannot be sustained?

Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for October showing pending sales in the U.S. rose again for the ninth consecutive month – marking the longest […]

Pending home sales in midwest rise 8.1 percent in September

Lawrence Yun, Chief Economist, NAR

Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for September showing pending sales in the U.S. rose again for the eighth consecutive month – marking the longest streak since since NAR began the pending home sale index in 2001. The pending home sales […]

US Pending Home sales increase in July; Midwest home sales decrease by 2 percent

Lawrence Yun, Chief Economist, NAR

By: Dennis Norman

Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for July showing pending sales in the U.S. were up for the sixth consecutive month, the best streak since NAR began the pending home sale index in 2001.

Here in the Midwest […]

June pending home sales increase
Midwest up 11.6% from a year ago

Lawrence Yun, Chief Economist, NAR

By: Dennis Norman

Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for June showing pending sales in the U.S. were up for the fifth consecutive month, the first time in six-years for such a streak.

Here in the Midwest pending home sales were […]