Prior to COVID-19, there had already been a shortage of residential listings for sale in many areas and price ranges through St Louis going back a couple of years.  However, the problem may be getting worse as we are continuing to see new sales of residential listings in St Louis picking up the pace to the point that they are down just 16% from the same time a year ago but, new listings in the St Louis MSA are down 30% from the same time a year ago.
Since we started with a low inventory and now have the sales rate outpacing the listing rate, we are probably going to see an even tighter supply of homes for sale for at least the near future. Â As our table below shows, there are some areas where this is even more pronounced, such as St Charles County where the number of new sales of residential listings for the most recent 7-day period is down just 3% from a year ago but new listings during the same period are down 37%.
St Charles County down to less than 2-month supply
As our tables at the bottom shows, currently, there is just a 1.97 month supply of homes for sale in St Charles County and, if we look at the “sweet-spot” of homes priced in the $150,000 – $300,000 range, there is an inventory of just 1.04 months. Â If you own a home in St Charles County and have thought about selling, contact us now and let us show you how to leverage this market in your favor whileit lasts.
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New Sales of Residential Listings in St Louis- 4-22 Through 4/28 vs 1 Year Ago
New Residential Listings in St Louis- 4-22 Through 4/28 vs 1 Year Ago
St Charles County – Home Prices and Sales – Past 12-Months
(click on table for live, current data)
St Charles County – Home Prices and Sales $150k-$300k Price Range- Past 12-Months
(click on table for live, current data)
