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St Louis Real Estate Search

Mortgage Interest Rates Drop to Lowest Rate In Over a Year

After mortgage interest rates on a 30-year fixed rate mortgage nearly hit 5 percent back in November, they have steadily declined and this past week fell to an average of 4.37% according to the Freddie Mac Primary Mortgage Market Survey. Last weeks 30-year fixed rate mortgage rate of 4.37% was the lowest average rate report […]

The Better Together Plan And St Louis Real Estate

At the end of last month, Better Together, a not-for-profit group aimed at combining St Louis City and St Louis County into one big “Metro City”, released their plan for doing so. To say this is a hot topic among residents of those two areas would be an understatement.

Proponents of the plan say it […]

St Louis Real Estate Market Update VIDEO – February 2019 – Have Home Prices Risen Too Much?

The St Louis real estate market is off to a little slower start this year and there are some indicators that we may be in for a little price correction in some areas. Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in […]

St Louis Home Sales Off To Slower Start In 2019 While Prices Rise

Many of the forecasts for home sales this year call for either a slight decline from last year or about the same as last year, in terms of home sales. I think the St Louis market will probably see about the same number of homes sold in 2019 as we did in 2018, it may […]

Underwater Homeowners In St Louis Drops To Lowest Rate In Two Years

During the fourth quarter of 2018, 14.2% of the homeowners in St Louis with a mortgage, were underwater on their mortgage, meaning they were in a negative-equity postion, according to data just released by ATTOM Data Research. As the table below shows, this is the lowest rate since the 4th quarter of 2017 when the […]

St Louis Cities Where Homes Sold For The Highest Price In Past Year

The list of the 10 St Louis cities where homes sold for the highest average price last year shown below reveals that the little city of Huntleigh, consisting of a land mass of just 1 square mile but home to some of the wealthiest people in St Louis, is where homes sold for the highest […]

St Louis Area New Home Construction In 2018 Declines

There were 4,140 building permits issued for new homes in the St Louis area during 2018, a decline of 3.16% from the year before when there were 4,275 permits issued, according to information just released by the Home Builders Association of St Louis & Eastern Missouri (St Louis HBA). The number of permits issued for […]

St Louis Real Estate Market Update VIDEO – January 2019 – Last year was a good one

The St Louis real estate market closed out another good year with 2018 finishing just slightly behind the year before in terms of home sales. Thus far, it looks like 2019 is off to a good start as well although higher interest rates will, no doubt, cause a little tension in the market this […]

Jefferson County Had The Highest Foreclosure Filing Per Capita Rate Of Larger Missouri Counties in 2018

Jefferson County, with an estimated population of 221,577 during 2018, had 317 foreclosure filings during 2018, giving it the highest rate of foreclosure filings per capita, at 1 foreclosure filing for every 699 in population, of the all the Missouri counties with a population of 50,000 or greater. As the table below shows, the three […]

St Louis MSA Has 8th Highest Foreclosure Rate Among Largest Metro Areas

Yesterday, I wrote an article about the number of foreclosures in St Louis during 2018 dropping to the lowest number in over 12 years, however, in spite of that good news, St Louis still has the 8th highest rate of foreclosure among the 20 largest metro areas in the U.S.

According to data just released […]

Number Of Foreclosures in St Louis During 2018 Drops To Lowest Number In Over 12 Years

As evidence of just how much the St Louis housing market has improved since the housing bubble burst a little over a decade ago, as well as a testimony as to the strength of our economy, the number of St Lous homeowners that lost their homes to foreclosure last year dropped to the lowest level […]

Cheaper To Buy Than Rent A Home In Six Out Of Eight St Louis Areas Counties

According to a report just released this morning by ATTOM Data Research, it’s cheaper to buy a home than rent in 6 of 8 St Louis metro area counties covered in the report. The data reported also shows, however, that home prices are rising faster than rents in all of the counties, a trend that, […]

Top 10 St Louis Areas Where Homes Sold The Slowest Last Month

While we still have muncipalities and neighborhoods throughout the St Louis metro area where homes are selling very quickly, there are some areas where it does take longer to sell a home. The list below shows the 10 slowest selling cities in the St Louis MSA based upon the time it took homes to sell […]

Top 10 St Louis Cities Where Homes Are Selling The Fastest

It may be the slow season for real estate but there are still plenty of areas in St Louis where homes are selling fast! As the table below shows, the cities where homes have sold the fastest in the past 30 days are scattered throughout the St Louis metro area. From number 1 on the […]

After Christmas Sale On Real Estate! Lowest Prices Of The Year!

Early Christmas evening, the commercials began for “after Christmas” sales by anxious retailers that couldn’t even wait until after Christmas to tell everyone what great bargains can be had. Well, the same holds true for residential real estate in terms of bargain prices at this time of year. It’s no secret that the number of […]

Merry Christmas!

Wishing you and your family and loved ones a very Merry and Blessed Christmas!

“For to us a child is born, to us a son is given, and the government will be on his shoulders. And he will be called Wonderful Counselor, Mighty God, Everlasting Father, Prince of Peace.” Isaiah 9:6

St Louis Home Sales Remain Steady But Trending Downward

In the last week, I’ve seen several reports indicating declining home sales on both a nationwide basis as well as for the St Louis market. The reports vary widely but one local report indicated single family home sales were down 6 percent from a year ago, which, of course, should cause some concern for both […]

Forecast Says Eighty Two Percent Of St Louis Listings Will Sell Below List Price

A report released by Knock, a company that buys homes, forecasts that, nationally, 77% of current listings will sell below the original list price during the first quarter of 2019 and in St Louis, 82.61% of the listings will sell below list price. The report goes on to forecast that, on average, during the first […]

Houses and Condos for Christmas Presents?

Every year around this time is when many homeowners that have their homes listed for sale discuss with their agent whether they should just take their home or condo off the market as Christmas approaches, then come back on the market after the beginning of the new year. Many homeowners that are thinking of selling […]

St Louis Home Mortgage Originations Drop Five Percent In Third Quarter

There were 9,983 home purchase mortgage loans originated in the St Louis metro area during the 3rd quarter of this year, a decline of 5% from the prior quarter and a decline of 3% from a year ago, according to a report just released by ATTOM Data Services. This is the lowest number of […]

St Louis Real Estate Market Update VIDEO – December 2018 – Months Supply On the Rise

The St Louis real estate market is lagging a little behind last year in terms of home sales and the inventory of homes for sale is on the rise.  While some of this is, of course, seasonal, perhaps some of it could be related to home prices increasing over the past year or so […]

Nearly 1 In 5 St Louis Home Sales In Past 12-Months Were Cash Deals

There were 37,721 homes sold in the St Louis metropolitan area during the past 12 months as reported by MORE, REALTORS.  Of those, as the chart below illustrates, conventional financing made up the lion’s share of the sales.  Conventional mortgages accounted for 18,967 home sales (50.3%), followed by cash transactions with no financing that accounted for 7,109 sales (18.9%), then […]

The Number of Flipped Houses In St Louis Drops, As Do Profits On Them

There were 752 home “flips” in the St Louis metro area during the third quarter of this year, representing 6.5% of the homes sold during the period, according to data just released by ATTOM Data Research. This is a decline of 7.4% from the prior quarter and a decline of 2.0% from the same quarter […]

Fastest Selling Cities in St Louis

It’s no secret that home sales slow down this time of year in St Louis however, there are still plenty of cities in St Louis where homes are selling quickly! As the table below shows, Rock Hill is at the top of our Fastest Selling Cities list with the current supply of homes for sale […]

Strong Economy’s Impact On Housing Market Shows In REALTOR Survey

The impact of the strong economy the U.S. is currently experiencing can be seen in the National Association of REALTORS (NAR) 2018 Member Profile. In the NAR report when agents were asked about the most important factor limiting potential home-buyer clients from completing a transaction, the answers given in the most recent survey show a […]

Median Price of Homes Sold in Franklin County In Past 12 Months Remain Flat And Sales Fall

The median price of homes sold in Franklin County during the 12 month period ended October 31, 2018, was $150,000 according to the STL Market Report™ from MORE™, REALTORS®. As the STL Market Report™ below shows, this is exactly the same as during the prior 12-month period. During the most recent 12-month period, there were […]

Median Price of Homes Sold in Jefferson County In Past 12 Months Hits $169,000 – Sales Down Slightly

The median price of homes sold in Jefferson County during the 12 month period ended October 31, 2018, was $169,000 according to the STL Market Report™ from MORE™, REALTORS®. As the STL Market Report™ below shows, this is an increase in the median price of homes sold of 2.42% from the prior 12-month period. During […]

Median Price of Homes Sold in St Charles County In Past 12 Months Hits $230,000 – Sales Up Slightly

The median price of homes sold in St Charles County during the 12 month period ended October 31, 2018, was $230,000 according to the STL Market Report™ from MORE™, REALTORS®. As the STL Market Report™ below shows, this is an increase in the median price of homes sold of 4.55% from the prior 12-month period. […]

Happy Thanksgiving! How It Began…

Thanksgiving began in the U.S. in 1789 after the issuance of the proclamation below made by President George Washington and was initially a harvest festival. Thanksgiving did not actually become a federal holiday in the U.S. until 1864 when President Abraham Lincoln proclaimed it “as a day of thanksgiving and praise to Almighty God, […]