New sales of listings (an accepted offer) in St Louis in November are outpacing new listings with 1.06 new sales for every 1 new listing. As the leading indicator reports below illustrate (available exclusively from MORE, REALTORS®), for the first 3 weeks in November, there have been 2,139 new sales of listings and 2,026 new listings. At the same time a year ago, new sales outpaced new listings at 1.24 to 1, so the current trend is down 15%.
Worth noting in the data is that new sales of St Louis homes in the first three weeks of November 2021 are up 4.5% from the same period a year ago, new listings for the same period this year are up 23% from a year ago. This is a trend worth watching and if it continues, could help with the low inventory problem that has made the St Louis real estate market a brutal market for home buyers for the past couple of years.
New Sales of St Louis Listings – 3rd Week in November 2021 vs 2020
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New Sales of St Louis Listings – 2nd Week in November 2021 vs 2020
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New Sales of St Louis Listings – 1st Week in November 2021 vs 2020
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New St Louis Listings – 3rd Week in November 2021 vs 2020
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New St Louis Listings – 2nd Week in November 2021 vs 2020
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New St Louis Listings – 1st Week in November 2021 vs 2020
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