Discover the Top 3 Fastest Selling School Districts in the St. Louis Metro Area

Are you in the market for a new home in the St. Louis metropolitan area? As you search for the perfect place to call home, it’s important to consider the school district that your future home will fall under. Luckily, we’ve done the research for you and have compiled a list of the top three fastest selling school districts in the area.

Topping the list is Wood River-Hartford DIST 15 in Illinois, where homes are selling at lightning speed. With only 2 listings on the market, the average time on the market is just 4 days. This district boasts an average list price of $122,450, making it an affordable option for families looking to settle down. Coming in at a close second is Wolf Branch DIST 113, also in Illinois, with an average of 14 days on the market for its 3 current listings. And rounding out the top three is GERMANTOWN DIST 60, also in Illinois, with an average of 25 days on the market for its 2 listings.

For a complete list of the fastest selling school districts in the St. Louis metro area, be sure to check out MORE, REALTORS®. With our expertise and knowledge of the local market, we can help you find the perfect home in a top-rated school district. Don’t miss out on the opportunity to live in one of these highly sought-after areas. Contact us today to start your home search!

From Record Peaks to New Norms: January Home Sales Trends in St. Louis

St. Louis, take a look at our live, interactive chart for January YTD home sales—a snapshot that tells quite a story. Here’s a breakdown of what the numbers are saying and why they matter to you.


A Look at the Data

  • January 2025:
    • YTD home sales came in at 1,674.
    • That’s an 8% drop from January 2024’s 1,820 sales.
  • Recent Year-Over-Year Shifts:
    • 2020 to 2021: Sales surged from 2,060 to 2,539—a jump of roughly 23%.
    • 2021 to 2022: A cooling set in with a decline of about 7.7% (from 2,539 down to 2,343).
    • 2022 to 2023: We saw a dramatic plunge of around 27%, dropping from 2,343 to 1,707.
    • 2023 to 2024: A modest rebound of roughly 6.6% brought us to 1,820, only for 2025 to dip again by about 8%.

Historical Averages Tell the Tale

  • Long-Term Average (1999–2025):
    • Over 27 years, January YTD sales have averaged about 1,755 homes.
    • Early years like 1999 and 2001 saw numbers in the 1,100–1,200 range, reflecting a very different market.
  • Past 10 Years (2016–2025):
    • The average here is a much higher 2,015 homes per January.
    • This recent decade witnessed a significant upswing, particularly with the 2021 spike.
  • Past 5 Years (2021–2025):
    • Averaging roughly 2,017 homes, these years remind us how exceptional 2021 was before the subsequent correction began in 2022.

What Does This Mean for You?

  • For Buyers:
    • The cooling trend after a record-setting 2021 means less frantic competition. More negotiating power could translate into better deals.
  • For Sellers:
    • The volatility signals a need to recalibrate expectations. Pricing strategies should reflect a market that’s shifted from its pandemic highs to a more balanced pace.
  • Overall Outlook:
    • The data suggests a market in transition. While the past decade raised the bar with double-digit figures, the recent downturns—especially the steep 27% drop in 2023—highlight that we might be entering a phase of adjustment. The fluctuations underscore the importance of staying informed and agile.

At MORE, REALTORS®
, our commitment is to provide transparent, client-focused insights that help you navigate these market shifts. Whether you’re buying or selling in St. Louis, understanding these trends can give you a competitive edge in making the best decisions for your future.

For a deeper dive, check out the live, interactive chart below. If you have questions or need tailored advice, reach out anytime—we’re here to help you turn data into strategy.



Metro East Real Estate Market Update for January 2025

The real estate market in the Metro East area continues to show strong growth, with the median sold price for homes reaching $186,000 in January 2025. This represents a 13.59% increase from the same time last year, when the median sold price was $163,750. The chart below, available exclusively from MORE, REALTORS®, illustrates this upward trend.

In addition to the increase in sold prices, the median list price for homes in the Metro East area also saw a significant jump, reaching $187,450 in January 2025. This is a 14.51% increase from January 2024, when the median list price was $163,700.

The number of home sales in the Metro East area also saw a notable increase, with 444 homes sold in January 2025 compared to 408 in January 2024. This represents an 8.82% increase in home sales. With such a strong market, now is a great time to consider buying or selling a home in the Metro East area.

Stay tuned for future updates on the Metro East real estate market, brought to you by MORE, REALTORS®. Our experienced agents are dedicated to helping you navigate the ever-changing real estate market and find the perfect home or buyer for your property. Contact us today to learn more about how we can assist you with your real estate needs.

St Charles County Real Estate Market Update for January 2025

The real estate market in St Charles County saw a slight increase in median sold price during January 2025, according to the latest data from MORE, REALTORS®. Homes sold for a median price of $350,000, which is a 3.40% increase from the same time last year when the median sold price was $338,500. However, this also represents a 2.78% decrease from December 2024, when the median sold price was $360,000.

The median list price also saw an increase, rising to $350,000 from $339,999 in January 2024. This shows a 2.94% year-over-year increase in list price. In terms of sales, there were 257 home sales in St Charles County in January 2025, a slight decrease of 0.39% from January 2024.

The chart below, available exclusively from MORE, REALTORS®, illustrates the data for the St Charles County real estate market in January 2025. These numbers indicate a steady market for both buyers and sellers, with a slight increase in prices compared to last year. Stay tuned for more updates on the St Charles County real estate market from MORE, REALTORS®.

St Louis Metro Area – January 2025 Real Estate Market Update

The real estate market in the St. Louis Metropolitan Statistical Area (MSA) continued to show strong growth in January 2025, according to the latest data from MORE, REALTORS®. Homes in the stl msa update sold for a median price of $256000, representing an 11.33% increase from January 2024 when the median sold price was $229950. This also marks a 0.39% increase from December 2024, when the median sold price was $255000.

The median list price for homes in the stl msa update was $250000, a 9.17% increase from January 2024’s median list price of $229000. Despite the increase in prices, there were 1753 home sales in the stl msa update in January 2025, a slight decrease of 3.68% from January 2024’s 1820 home sales.

According to the chart below, available exclusively from MORE, REALTORS®, the stl msa update has consistently shown positive growth in both median sold and list prices over the past year. This trend is expected to continue as the real estate market in St. Louis remains strong. For all your real estate needs in the stl msa update, trust the experts at MORE, REALTORS®.

Buying Still Beats Renting in St. Louis for 2025—Here’s the Data to Prove It

A new interactive map making the rounds shows cities and counties across the country and whether it’s more affordable to buy a home or rent in 2025. So, how does the St. Louis metro stack up? Let’s break it down.

The data highlights three key counties in our area—St. Charles, St. Louis County, and St. Louis City—and in all three, buying is still the better financial move. However, affordability varies significantly:

  • St. Charles County
    • Median Home Price: $358,698
    • Home Affordability: 40.6% of income
    • Rental Affordability: 45.9% of income
    • Weekly Wages: $1,115
    • With solid wages and better affordability, St. Charles remains a strong market for buyers.
  • St. Louis County
    • Median Home Price: $235,000
    • Home Affordability: 23.0% of income
    • Rental Affordability: 24.9% of income
    • Weekly Wages: $1,392
    • Still a strong buying market, but home prices remain more affordable than in neighboring counties.
  • St. Louis City
    • Median Home Price: $190,000
    • Home Affordability: 17.4% of income
    • Rental Affordability: 28.1% of income
    • Weekly Wages: $1,436
    • The most affordable home prices in the metro area, but rental costs take up a bigger chunk of income.

What Does This Mean?

While housing costs have risen, owning still wins out over renting in St. Louis. Affordability looks strongest in St. Charles County, but even in St. Louis City, where wages are higher relative to home prices, buying is the better long-term move.

Buy vs Rent in 2025?

(click map below for live, interactive map)


Buy vs Rent in 2025 - St Louis- Interactive map

Austin’s MLS Opens to Non-REALTOR® Agents—Could It Happen in St. Louis?

Big changes are coming to Austin’s real estate market, and while they might seem far away, they could signal future shifts in St. Louis. The Austin Board of REALTORS® (ABoR), which owns and operates Unlock MLS (formerly ACTRIS), has announced that starting in June 2025, real estate agents will no longer be required to be REALTOR® members to access the MLS. This means agents in Austin can now choose whether or not to join the National Association of REALTORS® (NAR) while still being able to list homes on the MLS.
Could something like this happen in St. Louis? Not without a major decision from the REALTOR® associations that own MARIS. Unlike Austin’s MLS, which is controlled by a single association that made the decision to open access, MARIS is owned by multiple REALTOR® associations, including the St. Louis REALTORS®, St. Charles REALTORS®, and several others. For MARIS to follow Austin’s lead, these associations would need to collectively decide to remove the REALTOR® membership requirement for MLS access.
For buyers and sellers, Austin’s move could lead to lower costs, more competition, and different business models as some agents may no longer pay REALTOR® dues. Some argue this will create more options for consumers, while others worry about the potential impact on professional standards. While nothing is changing here in St. Louis yet, this move signals a shift in the industry that could eventually reach our market. Buyers, sellers, and investors should pay attention—real estate is evolving fast.

At MORE, REALTORS®, we stay ahead of industry trends so our clients get the best advice in an ever-changing market. If you’re thinking about buying or selling in St. Louis, let’s talk about how to navigate today’s market with confidence.


Franklin County Update: January 2025 Real Estate Market Report

The real estate market in Franklin County, Missouri continued its upward trend in January 2025, with a median sold price of $280,000. This represents an impressive 18.64% increase from the same time last year, when the median sold price was $236,000. The chart below, available exclusively from MORE, REALTORS®, illustrates this significant jump in home prices.

Not only did home prices increase year over year, but they also saw a 13.15% increase from the previous month. In December 2024, the median sold price was $247,450, making January 2025 the third consecutive month of double-digit price growth. This is great news for homeowners in Franklin County, who are seeing their property values rise.

The median list price for homes in Franklin County also saw a significant increase, rising 12.04% from $249,900 in January 2024 to $280,000 in January 2025. This further demonstrates the strong demand for homes in this area and the overall strength of the real estate market.

Despite the high prices, there were 61 home sales in Franklin County in January 2025, only a slight decrease of 3.17% from the same time last year. This suggests that buyers are still eager to purchase homes in this desirable county.

Overall, the real estate market in Franklin County is thriving, with increasing home prices and steady sales. As always, for the most accurate and up-to-date information on the market, turn to MORE, REALTORS®. Our team of experienced professionals are here to help you navigate the ever-changing real estate landscape.

What’s Driving Home Insurance Increases—and Why St. Louis Is in a Good Spot

Homeowners in the St. Louis metro area might be hearing about skyrocketing insurance premiums, but there’s some good news—our region is in a much better position than many others. A new study from the National Bureau of Economic Research (NBER) shows that while homeowners insurance costs are up 33% nationwide since 2020, much of that increase is hitting high-risk disaster zones and areas heavily reliant on reinsurance. Unlike coastal states dealing with hurricanes and wildfires, Missouri and Illinois have far less exposure to these risks, and insurers here aren’t nearly as dependent on expensive reinsurance policies. That means while we’re seeing premium hikes, they’re not as extreme as in Florida, Texas, or California.

That said, insurance rates are still rising here, and not just because of climate-related disasters. The study points out that aging buildings—especially condos—are contributing to increased costs, as maintenance issues and structural concerns drive up claims and policy costs. This is something to watch for if you own or are looking to buy in an older community. The report also notes that inflation and supply chain issues are making home repairs and rebuilds more expensive, which insurers factor into premium pricing.

So, what does this all mean for St. Louis area homeowners? While we’re not immune to rate increases, we’re in a far more stable position than homeowners in disaster-prone states. Our insurance market is less volatile, and we don’t have the same exposure to extreme weather events that are driving massive price hikes elsewhere. Keeping an eye on property maintenance and being proactive about coverage can help keep costs in check. The full NBER report, Property Insurance and Disaster Risk: New Evidence from Mortgage Escrow Data, is available below.


Property Insurance and Disaster Risk: New Evidence from Mortgage Escrow Data

(click on image below for complete report)

Property Insurance and Disaster Risk: New Evidence from Mortgage Escrow Data - St Louis

 

How Many Homes Are Agents Really Selling?

The National Association of REALTORS® (NAR) recently released its 2024 Member Profile, offering valuable insights into the business activity of REALTORS®. One of the most compelling findings is in Chapter 2, particularly Exhibit 2-6, which sheds light on the number of residential transaction sides completed by agents. Here’s what the data reveals and why it matters.

Residential Sides: A Snapshot of REALTOR® Activity

In 2023, the median number of residential transaction sides completed by REALTORS® was 10, a decline from prior years, reflecting the challenges of the current housing market. The breakdown of residential sides highlights the disparity in activity levels:

  • 27% of REALTORS® completed 1 to 5 transactions.
  • 22% completed 6 to 10 transactions.
  • 15% completed 11 to 15 transactions.
  • 19% reported 21 to 50 transactions.
  • Only 3% completed 51 or more transactions.

Agents with 16 years or more of experience reported a higher median of 12 transactions, compared to just 2 for those with 2 years or less experience. This highlights the significance of experience in navigating market complexities and building a robust client base.

Key Factors Influencing REALTOR® Productivity

The report identifies several factors impacting residential business activity:

  1. Lack of Inventory and Housing Affordability: Both factors tied for the top reason REALTORS® cited as limiting client transactions, with 26% of respondents selecting these challenges. The tight housing market, combined with rising home prices and interest rates, continues to constrain transaction opportunities.
  2. Mortgage Rate Expectations: The expectation that mortgage rates might drop was another factor, cited by 19% of REALTORS®. This suggests that both buyers and sellers are hesitating, waiting for more favorable conditions.
  3. Referral and Repeat Business: Experienced agents benefit significantly from their established networks. REALTORS® with 16 years or more experience derived a median of 42% of their business from repeat clients and 29% from referrals. In contrast, agents with less than two years of experience reported little to no repeat or referral business.

Why These Numbers Matter

For REALTORS®, understanding the trends in transaction sides and business sources provides actionable insights for strategizing in a competitive market. Key takeaways include:

  • Building Relationships is Critical: Referral and repeat business remain foundational for sustained success. Newer agents should prioritize networking and client relationship management to establish a long-term pipeline.
  • Adapting to Market Challenges: The constrained inventory and affordability issues demand innovative strategies, such as leveraging off-market opportunities and sharpening negotiation skills to help clients navigate the tough market.
  • The Value of Experience: The data underscores the advantages of experience, not just in transaction volume but also in accessing repeat and referral business. Mentorship and learning from seasoned agents can accelerate the growth of newer REALTORS®.

This data, outlined below, highlights the importance of continuous improvement and innovation in real estate. At MORE, REALTORS®, we pride ourselves on equipping our agents with the tools, training, and proprietary resources they need to excel. By fostering a culture of learning and providing cutting-edge solutions, our agents consistently outperform the market average, delivering exceptional service to clients and driving greater business success.

NAR 2024 Member Profile – Transaction Sides by Agents

(click on table below to view all information from report)

NAR Member Profile 2024

Is Your St. Louis Home Protected from Fire? Essential Insurance Tips for Homeowners

As wildfires devastate parts of Los Angeles, it’s a sobering reminder to St. Louis homeowners to assess their own fire insurance coverage. While wildfires aren’t a concern here, house fires caused by electrical malfunctions, kitchen accidents, or lightning strikes are an ever-present risk. Ensuring you have the right coverage in place can make all the difference in protecting your home and your financial future.

What to Know About Your Homeowners Insurance Policy

Fire damage is typically covered by most homeowners insurance policies, but understanding the details of your coverage is critical:

  • Policy Limits: Are the coverage limits sufficient to rebuild your home at today’s construction costs? Many homeowners discover too late that their policy’s limits are outdated or inadequate.
  • Replacement Cost vs. Actual Cash Value: Ensure your policy provides replacement cost coverage, which pays the full cost to replace damaged property. Policies with actual cash value coverage will only pay the depreciated value, leaving you with a significant out-of-pocket expense.
  • Personal Property Coverage: Check the limits for furniture, electronics, and other personal belongings. What about unique items like heirlooms or jewelry? And don’t forget—cars parked in the garage aren’t covered under homeowners policies but require separate auto insurance.
  • Extensive Damage Scenarios: In the event of a catastrophic fire, some homeowners are left with a burned-out shell of a property. Will your policy cover demolition and debris removal? And what about the cost of living elsewhere while your home is rebuilt?

Protecting Yourself Further

If you’re unsure whether your coverage is adequate, Lou Darden of Kreismann Bayer Insurance Agency can help. With years of experience in the St. Louis area, Lou specializes in guiding homeowners through the complex world of insurance to ensure they’re fully protected. For more details or to connect with Lou, visit this page.

For homeowners caught in a difficult situation—like being left with a lot and a destroyed home after a fire—having a knowledgeable real estate agent on your side can be invaluable. At MORE, REALTORS®, we’ve helped many clients navigate these challenges, whether it’s finding a buyer for a fire-damaged property or assisting in rebuilding efforts.

Broker Challenges NAR’s MLS Control: “They Keep Overreaching”

The real estate industry’s relationship with the National Association of Realtors faces mounting challenges as multiple lawsuits emerge nationwide. Texas broker Lou Eytalis recently joined others in challenging NAR’s mandatory membership requirements for MLS access (see lawsuit complaint below), with similar cases in Michigan, Pennsylvania, and Louisiana. These suits coincide with controversy over NAR’s Standard of Practice 10-5, which has sparked First Amendment challenges from both brokers and agents who argue the rule improperly restricts speech by banning hate speech and discriminatory language on personal social media accounts.

These legal challenges come amid a turbulent period for NAR, which faces scrutiny over sexual harassment allegations, spending practices, and commission lawsuits. The Free Speech Coalition, representing real estate professionals across multiple states, argues that NAR’s speech restrictions exceed their authority and violate constitutional rights. Meanwhile, Eytalis and others contend the mandatory membership issue extends beyond fees – it’s about forcing change within an organization they believe has lost touch with members’ needs. While NAR maintains local organizations control MLS access rules, their intervention preventing Phoenix Realtors from offering membership-free MLS access suggests otherwise. The convergence of these suits – challenging both membership requirements and speech restrictions – represents growing industry pushback against NAR’s regulatory reach.



Are Home Prices Really Soaring? A Look Behind the Numbers

When it comes to understanding home prices, many consumers focus on the dollar amounts they see in headlines. However, these numbers don’t always tell the whole story. A fascinating perspective emerges when we compare home prices not just in U.S. dollars but in terms of gold, a historical store of value. The chart below reveals that when measured in gold, home prices have remained relatively stable since the late 1980s, with the exception of the housing bubble and its subsequent crash.

While the dollar-based chart shows an upward trajectory in home prices, surging over 250% since the year 2000, the same homes measured in gold reveal a different reality. Adjusted for gold, home prices today are about the same as they were in the late 1980s. This perspective highlights the impact of the dollar’s declining purchasing power over time rather than true appreciation in home values. The illusion of soaring prices is largely driven by the devaluation of the dollar, not necessarily by real growth in housing value.

For St. Louis home buyers and sellers, this means today’s high prices may not signify as much “appreciation” as they think. Sellers might consider this context when setting their expectations for value, while buyers should keep in mind that what they’re paying reflects broader monetary policies, not just local market conditions. The real estate market remains an excellent way to build wealth, but understanding its relationship with currency values provides a deeper insight into long-term investments.

The chart below illustrates this concept perfectly, with the green line representing home prices in dollars and the blue line reflecting prices in gold. Whether you’re buying or selling, this perspective is a reminder to look beyond the surface and consider what drives the numbers.

At MORE, REALTORS®, we’re committed to helping buyers and sellers navigate the real estate market with a clear understanding of market trends. Our team provides tools and insights to help you make confident decisions. Whether you’re investing in your first home or selling a long-held property, we’re here to assist.


Case-Shiller Home Price Index Both In Dollars (Green) and Gold (Blue)

Case-Shiller Home Price Index Both In Dollars (Green) and Gold (Blue)

High St. Louis Home Prices: What Buyers and Sellers Should Expect Next

Recent data from the Federal Reserve Economic Data (FRED) charts below reveal interesting insights about St. Louis home prices in relation to the M2 money supply. Over the last several years, St. Louis home prices, represented by the red line, have steadily risen, reaching their current index value of 302.78 in Q3 2024. At the same time, the M2 money supply, shown by the blue line, has seen a more dramatic fluctuation, particularly during and after the pandemic, with a current value of over $21 trillion.

Historically, as the M2 money supply increases, home prices tend to rise as well, influenced by factors like inflation and the availability of credit. However, the recent stabilization of the money supply suggests that home price appreciation could slow down in the near future. For buyers, this might present an opportunity to find more balanced pricing. For sellers, especially those considering listing their homes soon, now may be a good time to take advantage of historically high prices before any potential cooling. At MORE, REALTORS®, our team is here to guide buyers and sellers through these changing market dynamics with expertise and personalized strategies.


St. Louis Housing Inventory: Where Buyers and Sellers Can Win

The latest months supply data for the St. Louis metro area reveals a tale of two markets: cities with high inventory signaling better opportunities for buyers and areas with low supply creating an advantage for sellers. For homebuyers and investors flexible on location, cities like Breckenridge Hills and Gerald, each with 8 months of inventory, could offer more negotiating power. In contrast, fast-moving areas like Webster Groves and Ballwin, with less than one month of supply, reflect strong demand and competition.

For sellers, being in a low-supply market is good news. A tighter inventory means fewer homes for buyers to choose from, often leading to faster sales and potentially better prices. Whether you’re looking to buy or sell, knowing where the opportunities lie can make all the difference.

At MORE, REALTORS®, we use up-to-the-minute data like this to help our clients make informed decisions. Reach out today to see how we can help you take advantage of current market conditions.


Top 10 St Louis Cities With The Highest Supply of Homes for Sale

(click on list below to see complete, live date for ALL municipalities in the St Louis Metro Area)

Top 10 St Louis Cities With The Highest Supply of Homes for Sale

Honoring Dr. King’s Legacy: A Commitment to Fair Housing in St. Louis

Dr Martin Luther King Jr, Fair Housing St Louis RealtorsToday, we honor the legacy of Dr. Martin Luther King Jr., a visionary who championed equality, justice, and the inherent dignity of all people. His fight against systemic injustices extended to housing discrimination, a battle that continues to shape communities across the nation, including right here in St. Louis.

Fair housing has been a cornerstone of efforts to ensure everyone has access to safe, affordable homes without fear of discrimination. Landmark legislation like the Fair Housing Act of 1968 is part of Dr. King’s enduring legacy, prohibiting discriminatory practices based on race, color, national origin, religion, and other protected classes. These principles are vital to fostering thriving neighborhoods and ensuring that homeownership opportunities are accessible to all.

At MORE, REALTORS®, we serve every client with fairness and professionalism, ensuring all buyers and sellers have access to expert representation and market insights. Whether you’re buying your first home or selling a property, we’re here to guide you every step of the way.


St Louis County Real Estate Market Update as of January 2025

The St Louis County real estate market continues to show strong growth as we enter the new year. According to the latest data from MORE, REALTORS®, homes in the St Louis County update sold for a median price of $260,000 in December 2024. This represents a 15.56% increase from December 2023, when the median sold price was $225,000.

Despite this significant year-over-year increase, last month’s median sold price of $260,000 actually saw a slight decrease of 3.70% compared to November 2024, when the median sold price was $270,000. The median list price for homes in St Louis County also saw a significant increase, rising 16.00% from $225,000 in December 2023 to $261,000 in December 2024.

In terms of home sales, there were 919 transactions in St Louis County in December 2024, a slight increase of 0.33% from 916 in December 2023. This data is illustrated in the chart below, available exclusively from MORE, REALTORS®.

Overall, the St Louis County real estate market remains strong and is expected to continue its upward trend in the coming months. For all your real estate needs in St Louis County, trust the experts at MORE, REALTORS®.

Court Rules Floor Plans Can Be Used in Marketing, Protecting Sellers’ Interests

A recent lawsuit that reached the U.S. Court of Appeals for the Eighth Circuit and concluded with a ruling on January 14, 2025, sheds light on a significant issue for homeowners and REALTORS® alike regarding copyright infringement and the use of floor plans in marketing homes. The case, Designworks Homes, Inc. v. House of Brokers Realty, Inc., involved Columbia, Missouri-based House of Brokers Realty and other defendants, and revolved around whether real estate agents and brokers could use floor plans in marketing properties without infringing on copyrights. Ultimately, the court ruled in favor of the defendants, citing the fair use doctrine and affirming the district court’s decision.

The lawsuit originated when Designworks alleged that House of Brokers infringed on its copyrights by creating and sharing a floor plan for a property the brokerage was hired to sell. The court, however, determined that creating and using the floor plan constituted transformative use—it served a functional purpose of providing information to prospective buyers rather than copying the original design’s artistic or creative intent. This ruling sets a precedent, ensuring REALTORS® can continue using floor plans for marketing homes, benefiting both buyers and sellers by increasing transparency.

At MORE, REALTORS®, we understand the value of providing buyers with comprehensive information, which is why we often incorporate floor plans—such as those prepared alongside 3D tours—into our marketing strategies for sellers’ homes. Buyers gain a better understanding of the home’s layout, and sellers benefit from increased visibility and buyer interest. The full lawsuit details and judgment are available below for further review.


Demand for Homes Shows Stability Even as Mortgage Rates Exceed 7%

Based on the chart provided, the Purchase Index, which tracks mortgage applications for home purchases, has shown slight fluctuations over the past year. Notably, the trend reflects a stabilization in demand despite the persistent upward trajectory of mortgage rates, which now hover near 7%. This indicates resilience among homebuyers, who continue to pursue purchases despite rising costs.

Higher interest rates typically discourage borrowing, but this data suggests that the housing market is finding ways to adapt. If you’re navigating today’s market, working with an experienced brokerage like MORE, REALTORS® can help you identify opportunities that fit your goals.

The full chart is available below for further insights. Let me know if you’d like further assistance or adjustments!


Purchase and Refinance Index vs 30 Year Fixed Mortgage Interest Rates

Click the image below for chart with current, live data

Purchase Mortgage Applications Index vs 30 Year Fixed Rates Chart

Discover the Hottest Real Estate Markets in the St. Louis Metro Area

Are you in the market to buy or sell a home in the St. Louis metropolitan area? Look no further! According to recent data, the fastest selling zip codes in this region are 63630 in Washington, MO, 63044 in St. Louis, MO, and 62095 in Madison-IL, IL. These zip codes have an average of 8-11 listings on the market for just 25-30 days, making them prime locations for buyers and sellers alike.

If you’re a potential home buyer, these zip codes offer a competitive market with a variety of options to choose from. And for sellers, the fast turnover rate means less time spent waiting for a sale. With an average list price of $113,575 in 63630, $187,675 in 63044, and $50,700 in 62095, there is a range of price points to fit any budget. For a complete list of the fastest selling zip codes in the St. Louis metro area, visit MORE, REALTORS®. Don’t miss out on the opportunity to be a part of these thriving real estate markets. Act fast and secure your dream home or make a profitable sale in one of these sought-after zip codes.

Jefferson County Real Estate Market Update as of 2025-01-15

The latest data from the jefferson county update real estate market shows a continued upward trend in home prices. According to the chart below, which is available exclusively from MORE, REALTORS®, the median sold price for homes in Jefferson County during December 2024 was $265000, a 3.92% increase from the previous year. This also marks a 2.32% increase from November 2024, when the median sold price was $259000.

The median list price for homes in the jefferson county update remained steady at $259900, showing no change from December 2023. However, there were 170 home sales in December 2024, a slight decrease of 0.58% from the previous year.

This data indicates a strong and stable real estate market in Jefferson County, with increasing home prices and steady demand. As we move into 2025, it will be interesting to see how these trends continue and what opportunities arise for both buyers and sellers. For all your real estate needs in Jefferson County and the greater St. Louis area, trust the experienced team at MORE, REALTORS®.

Supreme Court Clears Way for DOJ Investigation into REALTOR® Policies

The Supreme Court yesterday declined to review the National Association of REALTORS’ (NAR) appeal to block the Department of Justice (DOJ) from resuming its antitrust investigation. This decision allows the DOJ to reopen its probe into NAR’s practices, including the Clear Cooperation Policy and the Participation Rule, both of which have been criticized for limiting competition in the real estate industry.

The Clear Cooperation Policy requires listing brokers to submit a property to their Realtor-affiliated MLS within one business day of marketing it publicly. This policy was intended to ensure transparency but has faced allegations of reducing competition and restricting options for consumers. The Participation Rule, which NAR recently eliminated as part of a separate settlement, previously required listing brokers to make a blanket offer of compensation to buyer brokers to list properties in the MLS. The DOJ had issued a subpoena in 2021 requesting extensive documentation on these rules, signaling its intention to assess whether they hindered fair market practices.

For St. Louis homeowners and investors, the outcome of this investigation could lead to significant changes in how properties are marketed and sold. It’s a reminder of the evolving landscape in real estate and the importance of staying informed. As always, MORE Realtors INLINE TEXT Link – goes to agent website
MORE, REALTORS® is here to provide guidance and insights to help you navigate these developments. Contact us today to learn how we can help you with your real estate needs.


Discover the Top 3 Fastest Selling School Districts in St. Louis Metro Area

Are you looking to buy or sell a home in the St. Louis metropolitan area? If so, you’ll want to pay attention to the latest data on the fastest selling school districts in the area. According to recent statistics, the top three districts with the shortest average time on the market are Wood River-Hartford DIST 15 in Wood River, IL, Kingston K-14 in Unincorporated, MO, and Pontiac-W Holliday DIST 105 in , IL.

With only 6 active listings and an average of 19 days on the market, Wood River-Hartford DIST 15 takes the top spot. This district boasts a diverse range of homes at an affordable average list price of $104,467. Coming in at a close second is Kingston K-14, with 9 listings and an average of 21 days on the market. Families looking for a more rural setting will find Kingston K-14 in Unincorporated, MO to be an attractive option. Rounding out the top three is Pontiac-W Holliday DIST 105, with 8 listings and an average of 37 days on the market. This district offers a mix of suburban and rural neighborhoods, providing something for every family.

For the complete list of the fastest selling school districts in the St. Louis metro area, be sure to check out MORE, REALTORS®. Our team of experienced agents can help you navigate the market and find the perfect home in one of these highly sought-after districts. Don’t miss out on the opportunity to buy or sell in these fast-moving areas. Contact MORE, REALTORS® today.

St. Louis Lawmakers Introduce Bills to Hold Negligent Property Owners Accountable

St. Louis lawmakers have introduced three significant bills aimed at increasing accountability for owners of vacant and deteriorated properties, building on the recent approval of Proposition V, which lifted a decades-old cap on fines for ordinance violations. With nearly 14,000 city properties having outstanding code violations and over 24,000 vacant properties in the city, these bills seek to address issues that have long plagued St. Louis neighborhoods.

The proposed legislation includes Board Bill 169, introduced by Alderman Michael Browning, which raises fines for vacant and deteriorated properties from $25 for the first violation to $100, with repeat offenses escalating to $250 or more. Board Bill 170, introduced by Alderwoman Daniela Velazquez, sets penalties for unsecured buildings at $500 for the first offense and $1,000 for repeat offenses. Additionally, it establishes a $30,000 fine or 50% of the property’s appraised value—whichever is greater—for unpermitted demolitions, with proceeds going toward the city’s Vacant Building Initiative Fund. Meanwhile, Alderwoman Pamela Boyd’s Board Bill 171 introduces a mechanism to add unpaid fines and abatement costs to property tax bills as liens, simplifying collections and ensuring enforcement. Together, these measures aim to deter neglect, reduce vacancy, and revitalize neighborhoods.

These new bills represent a direct effort to address the challenges highlighted during the campaign for Proposition V. St. Louis investors and property owners should take note of these changes as they signal stricter enforcement of property ordinances.

   

St. Louis County Sees Sharp Decline in New Home Permits, While Lincoln County Booms by Nearly 82%

During the 12-month period ending November 30, 2024, a total of 3,756 building permits were issued for new single-family homes in the St. Louis area. This marks a 2.47% decrease from the previous 12 months, which recorded 3,851 permits. According to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St. Louis HBA), four of the seven counties covered in the report experienced an increase in permits. Lincoln County continues to show great growth in new construction with an increase nearly 82%.


  

St Louis New Home Building Permits – November 2024

(click on table below for live interactive charts and more data)

Off-Market Listings: A Curious Conflict in Real Estate Practices

In the world of residential real estate, there’s an interesting contradiction that’s worth exploring. Investors spend significant time, money, and effort targeting homeowners before their properties ever reach the MLS (Multiple Listing Service). Why? Because off-market properties often yield the best deals, allowing investors to avoid competition and negotiate favorable terms. Yet, at the same time, we see a growing trend among listing agents—professionals with a fiduciary duty to act in their clients’ best interests—choosing strategies that keep properties off the MLS as well. This curious alignment of methods raises important questions about the motives and implications of such practices.

For investors, the rationale is clear: they’re working in their own best interests. By finding sellers who value speed or convenience over top dollar, investors can purchase properties below market value. But for a listing agent, whose role is to maximize exposure and achieve the best possible outcome for their seller clients, the same approach seems counterintuitive. Why would an agent limit market exposure, potentially reducing competition and sale price, when their duty is to act in the seller’s best financial interest?

Of course, there are exceptions. In rare cases—such as when selling a high-profile celebrity’s home—privacy might outweigh the importance of a bidding war. Keeping the listing quiet in such scenarios can make sense. However, in markets like St. Louis, this isn’t a common occurrence. For most sellers, achieving the highest possible price is the priority, and the MLS is designed to do just that by exposing properties to the widest audience.

This raises questions when we look at the local numbers. As of January 8, in the counties in Missouri that have listings in MARIS, the regional MLS for the area, there were a total of 15,199 active listings on the market, including those already under contract or pending sales. Of those, 1,275—or 8.39%—were office exclusive and excluded from the MLS. Nearly one in 11 listings are excluded, which seems like a surprising number of “celebrities.” Given that only 76 of the MLS-listed properties had prices over $2 million and the median price was $300,000, it’s unlikely that a large percentage of these listings are celebrity homes. For the Illinois market in MARIS, the numbers are better, with 3,568 active listings (including under contract) and only 149 of those—or 4.18%—being office exclusive.

Digging deeper, there are three counties in Missouri with significantly higher percentages of office-exclusive listings. St. Louis County leads with over 17% of listings being office exclusive, followed by St. Charles County with over 11%, and the City of St. Louis with over 10%. These numbers highlight that the practice is more prevalent in certain areas, raising even more questions about whether these exclusions serve the best interests of sellers in those markets.

So, where does this leave us? Should listing agents continue adopting strategies that mimic investor tactics, even if it means potentially sacrificing their clients’ best financial outcomes? And how do we, as an industry, reconcile the increasing popularity of office-exclusive listings with the ethical and fiduciary obligations of representation? These are questions that deserve thoughtful discussion.

At MORE, REALTORS®, we pride ourselves on transparency and always putting our clients’ best interests first. Whether you’re buying, selling, or investing, our team is here to provide expert guidance tailored to your unique goals.


Metro East Update: December 2024 Real Estate Market Shows Steady Growth

The metro east real estate market continues to show strong growth as we enter the new year. According to the latest data from MORE, REALTORS®, homes in the metro east area sold for a median price of $185,000 in December 2024. This represents a 2.78% increase from the median sold price of $180,000 in December 2023. The chart below, available exclusively from MORE, REALTORS®, illustrates this steady growth in median sold prices over the past year.

However, there was a slight decrease in median sold price compared to the previous month, with December 2024 seeing a 10.41% decrease from November 2024 when the median sold price was $206,500. This could be attributed to seasonal fluctuations in the market.

The median list price for homes in the metro east area also saw a 5.00% increase from $180,000 in December 2023 to $189,000 in December 2024. This suggests that sellers are confident in the market and are able to list their homes at higher prices.

Despite the slight decrease in median sold price, home sales in the metro east area remained steady with 517 homes sold in December 2024. This is only a 1.34% decrease from December 2023 when 524 homes were sold.

As we move into 2025, the metro east real estate market continues to show promising signs of growth. With steady increases in median sold and list prices, as well as a consistent number of home sales, it is an opportune time for both buyers and sellers in the metro east area. For more information on the current market trends and to find your dream home in the metro east, contact MORE, REALTORS® today.

St Charles County Update: December 2024 Real Estate Market Trends

As of December 2024, the real estate market in St Charles County has seen a slight increase in median sold price compared to the previous year. According to the latest data available exclusively from MORE, REALTORS®, homes in the area sold for a median price of $360,000, a 0.63% increase from December 2023 when the median sold price was $357,750.

However, there was a slight decrease in median sold price from the previous month, November 2024, when the median sold price was $362,500. This represents a decrease of 0.69% from the current month’s median sold price.

The median list price for homes in St Charles County saw a 4.29% increase from December 2023, rising from $350,000 to $365,000. Despite this increase, there were 296 home sales in December 2024, a 5.73% decrease from the 314 home sales in December 2023.

These numbers suggest a stable market in St Charles County, with a slight increase in prices compared to the previous year. As we continue into the new year, it will be interesting to see how the real estate market in this area evolves. Stay tuned for further updates from MORE, REALTORS®.

DOJ Adds Six Major Landlords to RealPage Antitrust Lawsuit

The Department of Justice (DOJ) has expanded its antitrust lawsuit against RealPage by naming six of the nation’s largest landlords as defendants, according to the amended complaint filed recently. These landlords are accused of participating in a coordinated pricing scheme that relied on sensitive competitive data and algorithmic pricing tools to maintain elevated rents, impacting millions of renters across the U.S.

The landlords named in the amended complaint—Greystar Real Estate Partners, Blackstone’s LivCor, Camden Property Trust, Cushman & Wakefield, Willow Bridge Property Company, and Cortland Management—operate more than 1.3 million rental units nationwide. The DOJ alleges that these landlords not only utilized RealPage’s controversial algorithm but also engaged in direct communication and user group discussions to share sensitive pricing strategies. For example, the DOJ highlighted instances where Camden executives communicated with competitors about planned rent increases and occupancy strategies.

In a move to settle with the DOJ, Cortland agreed to cooperate with the investigation, cease using competitor-sensitive data, and stop relying on common pricing algorithms. This consent decree is subject to a 60-day public comment period, after which the court may approve the settlement. The amended lawsuit underscores the DOJ’s commitment to ensuring a competitive housing market, stating, “Landlords must not prioritize profits over fair housing opportunities for renters.”

See the amended complaint below.




 

STL MSA Real Estate Market Update for December 2024

The real estate market in the St. Louis Metropolitan Statistical Area (MSA) saw continued growth in December 2024, with a median sold price of $260,000. This represents a 9.24% increase from December 2023, when the median sold price was $238,000. However, there was a slight decrease of 1.89% from November 2024, when the median sold price was $265,000. These figures are based on data exclusively available from MORE, REALTORS®.

The median list price in December 2024 also saw an increase of 8.33%, rising from $240,000 in December 2023 to $260,000. This indicates strong demand for homes in the St. Louis MSA.

Despite the increase in prices, there were 2147 home sales in December 2024, a 9.29% decrease from December 2023. This could be attributed to the holiday season, as well as the ongoing supply shortage in the market.

Overall, the St. Louis MSA real estate market continues to be a seller’s market, with rising prices and strong demand. If you’re looking to buy or sell a home in the area, contact MORE, REALTORS® for expert guidance and assistance.