Dennis Norman - St Louis Real Estate News

Metro East Update: Real Estate Market Sees Notable Growth in July 2025

By Dennis Norman, on July 9th, 2025

The Metro East real estate market experienced significant growth in June 2025, with home sales and prices showing robust increases. Homes in the Metro East area sold for a median price of $227,000, marking a 2.71% rise from June 2024’s median of $221,000. This price also reflects a substantial 10.73% increase from May 2025, when the median sold price was $205,000. The median list price followed suit, climbing to $225,000, up 4.65% from the previous year.

In terms of sales volume, June 2025 saw 721 homes sold, representing a 16.10% increase from the 621 transactions recorded in June 2024. This Continue Reading →

St. Charles County Real Estate Market Update: July 2025 Insights

By Dennis Norman, on July 8th, 2025

The St. Charles County real estate market has experienced subtle yet consistent growth as of June 2025. The median selling price of homes reached $373,200, marking a 0.86% increase from June 2024’s median of $370,000. This price also reflects a steady rise from May 2025, maintaining the same 0.86% growth rate. Prospective buyers saw a slight uptick in median list prices, which escalated to $369,995 in June 2025, up by 1.37% from the previous year.

Despite the rising prices, the volume of home sales showed a minimal decline. In June 2025, the county recorded 516 home sales, slightly down by Continue Reading →

July 2025 Update: St. Louis MSA Real Estate Market Trends

By Dennis Norman, on July 7th, 2025

The St. Louis Metropolitan Statistical Area (MSA) real estate market experienced subtle shifts in June 2025. Homes sold for a median price of $290,001, showing a slight decrease of 2.68% compared to June 2024 when the median price was $298,000. This trend continued from May 2025, where there was a modest decline of 0.69% from a median sold price of $292,015. The median list price also saw a minor reduction to $289,500, down 0.14% from June 2024’s median of $289,900.

Despite the dip in prices, the volume of home sales in the region indicated a more positive note, with 3,299 Continue Reading →

🇺🇸 Celebrating Independence Day: Homeownership and Freedom in St. Louis 🇺🇸

By Dennis Norman, on July 4th, 2025

On Independence Day, we celebrate the freedoms secured by our nation’s founders, including the right to own property. St. Louis played a pivotal role in America’s westward expansion, famously known as the “Gateway to the West.” The availability of land and the chance to own a home here offered many families a tangible piece of the American dream. Today, the tradition of homeownership in St. Louis is a direct reflection of those ideals of independence and opportunity that have shaped our city and our nation.

🇺🇸 Wishing everyone a safe and happy 4th of July! 🇺🇸

Search St Louis Continue Reading →

Flipping Profits: Missouri and Illinois Show Diverging Investor Returns in Q1 2025

By Dennis Norman, on July 3rd, 2025

According to ATTOM’s Q1 2025 U.S. Home Flipping Report, home flipping remained an active segment of the real estate market in both Missouri and Illinois, although investor performance varied. In Missouri, 1,576 homes were flipped during the quarter, representing 11.0% of all home sales—well above the national average. Flippers in Missouri earned a median gross profit of $36,000, which translated to an 18.0% return on investment (ROI). Meanwhile, Illinois saw higher profitability with 2,001 flips and a 6.5% flipping rate. The median gross profit for Illinois investors reached $85,981, yielding a strong ROI of 52.8%. While Illinois investors had to Continue Reading →

St. Louis Sees Mortgage Rates Climb: 30-Year Fixed Hits 6.73% in July 2025

By Dennis Norman, on July 3rd, 2025

As the St. Louis real estate market navigates through summer, mortgage rates continue their upward trajectory. Today, the 30-year fixed mortgage rate has inched up by 0.06% to 6.73%, marking a significant rise that impacts both potential homebuyers and sellers in the area. Similarly, the 15-year fixed rate also rose by 0.06%, settling at 5.97%. These increases are part of a broader trend that sees rates steadily climbing, affecting affordability and buyer demand.

For St. Louis residents, these rising rates mean recalculating budgets and potentially adjusting their buying power. Higher rates can add considerable cost over the life of a Continue Reading →

How the “One Big Beautiful Bill” Could Slash Taxes for St. Louis Homeowners and Fuel Local Housing Projects

By Dennis Norman, on July 2nd, 2025

The One Big Beautiful Bill good for St Louis

Here’s an update on the One Big Beautiful Bill, fresh from its razor-thin Senate win and heading to the House.

Bottom line for the St. Louis market: The Senate kept nearly all the real-estate perks from the original plan and added a few new benefits that could mean lower taxes for homeowners across the metro, extra take-home pay for small landlords, and more funding for affordable housing projects.

What stayed the same:

Tax brackets and the standard deduction remain locked in and permanent. No surprise rate hikes in 2026. The tax break for small Continue Reading →

St. Louis MSA Defies National Trend, Remains Surprisingly Affordable in New Report

By Dennis Norman, on June 26th, 2025

ATTOM’s latest U.S. Home Affordability Report for Q2 2025 puts numbers to what many already feel: homeownership just keeps getting tougher across the country. Nationally, median home prices hit a record $369,000, and the share of wages needed for typical homeownership expenses jumped to 33.7% , well above the 28% threshold generally considered affordable. But in the St. Louis metro area, affordability is holding up better than many might expect. According to ATTOM, most of the counties making up the St. Louis MSA still fall under the 28% affordability benchmark. Jefferson County, MO, St. Clair and Madison Continue Reading →

St. Louis Mortgage Rates Experience Slight Decline: 30-Year Fixed at 6.79% in June 2025

By Dennis Norman, on June 26th, 2025

In the latest financial update for the St. Louis area, mortgage rates have shown a marginal decrease, providing a slight relief to potential homebuyers. As of June 2025, the 30-Year Fixed mortgage rate has dipped to 6.79%, a small decrease of 0.03%. Similarly, the 15-Year Fixed rate has fallen by 0.02%, now standing at 6.02%. These adjustments represent a continuing trend of falling rates, albeit still hovering at higher levels, with the 30-Year rates maintaining above the 6.5% mark.

The impact of these changes on the St. Louis real estate market could be significant, particularly for buyers who are navigating Continue Reading →

Zillow’s New Listing Ban Sparks Federal Lawsuit, and Raises Big Questions for Sellers, Buyers, and Agents

By Dennis Norman, on June 24th, 2025

Compass vs Zillow lawsuit over private listings

A new lawsuit filed this week by Compass against Zillow has stirred up serious debate in the real estate industry, and while it may sound like a clash of two corporate giants, the real impact hits much closer to home, literally, for consumers, sellers, and real estate agents across the country, including right here in St. Louis.

In the 60-page complaint filed in federal court, Compass accuses Zillow of using its massive power and reach in the home search world to enforce what it calls an “anti-competitive ban” that hurts competition and restricts how agents can market listings for their Continue Reading →

June 2025 St. Louis Real Estate Market Update: Insights into Home Sales and Prices

By Dennis Norman, on June 21st, 2025

The St. Louis real estate market has shown nuanced shifts in May 2025, with the median home selling price reaching $230,000, a slight increase of 0.88% compared to May 2024. This price reflects stability in the market, albeit slightly down by 4.17% from April 2025, where the median selling price was $240,000. The median list price, however, saw a more positive year-over-year growth, setting at $230,000 in May 2025, up by 3.39% from the previous year.

In terms of sales volume, St. Louis experienced a slight decrease, with 329 homes sold in May 2025, down by 3.80% from 342 homes Continue Reading →

Metro East Real Estate Market Sees Price Increase in May 2025 Despite Sales Decline

By Dennis Norman, on June 20th, 2025

The Metro East real estate market showcased a significant increase in home prices in May 2025, with the median sold price reaching $205,000, marking a 5.13% rise from May 2024’s median of $195,000. This price also reflects a substantial 7.33% increase from April 2025, where the median sold price was $191,000. Despite the rising prices, the total number of home sales experienced a sharp decline, with only 395 homes sold in May 2025 compared to 700 in the same month the previous year, representing a 43.57% decrease.

The median list price for homes followed a similar upward trend, setting at Continue Reading →

St. Louis Ranks #2 in U.S. for Rent Growth as Investors Eye Stability

By Dennis Norman, on June 20th, 2025

St. Louis stood out as one of the top-performing rental markets in the nation in early 2025, with single-family rents rising 6.1% year-over-year through March. That’s the second-highest increase among the 50 largest U.S. metros and well above the national average of 4.1%, according to the Q2 2025 Arbor Single-Family Rental Investment Trends Report:contentReference[oaicite:0]{index=0}.

This growth comes despite national trends showing a slowdown in rent escalation and a slight dip in occupancy. Occupancy rates for single-family rentals nationwide averaged 93.7% in Q1 2025, marking the fourth straight quarterly decline. Retention rates, however, are on the rebound after dropping from a Continue Reading →

Missouri Slips in On-Time Rent Payments as Western States Dominate: What St Louis Landlords Need to Know

By Dennis Norman, on June 20th, 2025

According to the just-released Independent Landlord Rental Performance Report – June 2025 from Chandan Economics, Missouri finds itself far from the top in terms of on-time rental payments. The national on-time payment rate dropped to 84.3%, down 85 basis points from the month before, while the forecast full-payment rate slid to a post-pandemic low of 94.0%. While western states like Montana (93.5%) and Utah (92.3%) led the nation, Missouri did not crack the top 10 — or even top 20 — states for on-time rent performance. This matters for St. Louis landlords and property managers who rely on timely rent Continue Reading →

June 2025 STL MSA Real Estate Market Update: Median Sale Prices See Significant Growth

By Dennis Norman, on June 19th, 2025

The St. Louis Metropolitan Statistical Area (STL MSA) real estate market demonstrated robust growth in May 2025, with median home sale prices reaching $292,500, marking an 8.33% increase from May 2024. This growth is also evident when compared to the previous month, April 2025, where the median sale price was $275,000, showing a 6.36% monthly increase. The median list price also saw a substantial rise to $289,450, up 9.23% from the previous year.

Despite the increase in prices, the number of home sales experienced a decline, with 2,968 homes sold in May 2025, down 13.57% from 3,434 sales in May Continue Reading →

St. Louis Metro Area Real Estate Trends: A Look at YTD Home Sales in 2025

By Dennis Norman, on June 19th, 2025

The St. Louis metropolitan area, encompassing counties in both Missouri and Illinois, has witnessed a notable shift in its real estate market this year. As of the end of May 2025, the region recorded 12,375 home sales, marking an 8.66% decrease compared to the 13,548 homes sold during the same period in the previous year. This downturn reflects broader market dynamics and could influence both potential home buyers and sellers in their decision-making processes.

Despite the year-over-year decline, the current sales figures present a robust market scenario compared to historical data. For those interested in the specifics of local trends, Continue Reading →

St. Louis County Real Estate Market Sees Significant Price Growth in June 2025

By Dennis Norman, on June 19th, 2025

The St. Louis County real estate market experienced notable price increases in May 2025, according to the latest data. Homes sold for a median price of $301,900, marking a sharp rise of 9.78% compared to May 2024, when the median sold price was $275,000. This increase is also a significant 11.81% jump from April 2025’s median sold price of $270,000. The median list price followed a similar upward trend, reaching $294,900 in May 2025, up 11.28% from $265,000 in the same month last year.

Despite the rise in prices, the number of home sales in St. Louis County saw a Continue Reading →

St. Louis Sees Slight Easing in Mortgage Rates, June 2025: 30-Year Fixed at 6.87%, 15-Year at 6.13%

By Dennis Norman, on June 19th, 2025

In St. Louis, the mortgage landscape is experiencing a minor but welcome decrease in rates as of June 2025. The 30-year fixed mortgage rate has edged down slightly to 6.87%, a decrease of 0.01%, while the 15-year fixed rate has also dropped by 0.03% to 6.13%. These changes, though modest, continue the overall downward trend in the local mortgage rate environment, providing some relief to homebuyers amidst rates that remain historically high.

For potential homebuyers and sellers in the St. Louis area, these rate adjustments mean slightly lower borrowing costs, which could enhance buying power in a market that has Continue Reading →

St. Charles County Real Estate Market Sees Price Increase in May 2025

By Dennis Norman, on June 18th, 2025

The St. Charles County real estate market experienced a notable increase in home prices in May 2025. The median sold price for homes reached $370,000, marking a 5.41% rise from May 2024’s median of $351,000. This increase also represents a 2.78% growth from April 2025, where the median sold price was $360,000. Meanwhile, the median list price saw an uptick to $373,950, which is 6.84% higher compared to the same period last year.

Despite the rise in prices, the number of homes sold in May 2025 slightly decreased by 3.26%, with 504 homes sold compared to 521 in May 2024. Continue Reading →

Would You Buy a 3-Bed Ranch for $54 a Month? What a 1961 Eureka Ad Reveals About Today’s St. Louis Housing Math

By Dennis Norman, on June 18th, 2025

Buried in a 1961 Sunday Post-Dispatch Newspaper, an ad by Income Investment Co. promised St. Louisans a new home for a price “everyone” could afford—$9,650 with just $350 down and a principal-and-interest payment of $54.31. The 3-bedroom ranches in Eureka’s brand-new “Shaw’s Garden” subdivision even came with five king-size closets and concrete streets. Chrysler’s Fenton plant was ramping up a few miles away, and the ad all but wrote the script for the blue-collar American Dream.

Fast-forward to 2025. That $9,650 price tag converts to roughly $99,000 in today’s dollars using the CPI, yet recent sales on the same streets: Continue Reading →

Franklin County Real Estate Market Update: June 2025 Insights

By Dennis Norman, on June 17th, 2025

The Franklin County real estate market witnessed subtle yet noteworthy changes in May 2025. The median sold price for homes reached $260,700, marking a slight increase of 0.27% from May 2024, when the median was $260,000. However, this figure shows a decrease of 2.81% compared to April 2025, where homes were selling at a median price of $268,250.

In terms of market activity, there were 130 home sales in May 2025, reflecting a growth of 5.69% from the 123 sales recorded in May 2024. Meanwhile, the median list price experienced a minor dip, settling at $257,450, down by 0.94% Continue Reading →

When ‘Private’ Means Less Money: The Risk of Off-MLS Sales

By Dennis Norman, on June 17th, 2025

Private Listings - Hidden from the Market

The conversation around private or “off-MLS” listings is heating up again, and for good reason. With inventory climbing and more competition among sellers, maximizing exposure is more important than ever.

While private listings are sometimes positioned as a strategic move, the reality is that withholding a listing from the open market often limits a seller’s reach, potentially leaving money on the table. That’s the central warning in an Op-Ed by Realtor.com CEO Damian Eales, who writes:

“Private listings benefit agents and brokerages more than they do consumers… The more listings that are private, the Continue Reading →

Jefferson County Real Estate Market Update: June 2025 Insights

By Dennis Norman, on June 15th, 2025

The Jefferson County real estate market has experienced significant changes as of May 2025, with the median home selling price reaching $300,000, a notable increase of 13.21% from the previous year. This upward trend is also evident from April 2025, where the median sold price was $290,000, marking a 3.45% rise. Despite the higher prices, the number of homes sold in May 2025 saw a decrease, with 241 homes sold compared to 284 in May 2024, a drop of 15.14%.

The median list price in May 2025 stood at $295,900, showing a robust growth of 13.81% from $260,000 in May Continue Reading →

St. Louis City Real Estate Market Update: June 2025 Insights

By Dennis Norman, on June 14th, 2025

The St. Louis City real estate market has shown varied dynamics as of May 2025. Homes sold for a median price of $230,000, marking a slight increase of 0.88% from May 2024, when the median sale price was $228,000. This figure, however, reflects a decrease of 4.17% compared to April 2025, when homes were selling at a median price of $240,000. The median list price in May 2025 also showed an upward trend, standing at $230,000, which is a 3.39% increase from the previous year’s $222,450.

In terms of sales volume, there were 329 home sales in May 2025, a Continue Reading →

Private Listings in Missouri: State Regulators Are Paying Attention

By Dennis Norman, on June 13th, 2025

Private Listing Networks in Missouri and the MREC

While brokers across the country argue over Clear Cooperation and buyer compensation, one group isn’t making noise — but they are taking notes. State real estate commissions, including Missouri’s, are quietly preparing for enforcement… and private listings are on their radar.

In a recent blog post titled “Private listings just got real: State regulators have entered the chat“, real estate compliance consultant Summer Goralik, a former DRE investigator, warned that off-MLS listings marketed without clear seller-driven intent could expose brokers to serious regulatory trouble. And in Missouri, that trouble comes with a very specific rulebook.

Continue Reading →

NAR Updates Speech Rule: Is it Time for REALTORS® Previously Sanctioned to Get Justice?

By Dennis Norman, on June 12th, 2025

Rob Hahn recently ignited an important conversation about the National Association of REALTORS® (NAR) decision to significantly modify Standard of Practice 10-5, a rule initially established to prevent harassment based on protected characteristics. While NAR’s move to restrict 10-5’s scope solely to REALTORS’ professional activities has been welcomed as a step toward safeguarding free speech, Hahn highlights another critical dimension needing attention: restitution for those previously penalized under its broader interpretation.

According to Hahn, now that NAR acknowledges the overreach of the initial rule, it owes apologies and possibly reparations to REALTORS previously sanctioned under it. As Continue Reading →

St. Louis Mortgage Rates Dip Slightly in June 2025: 30-Year Fixed at 6.89%, 15-Year at 6.20%

By Dennis Norman, on June 12th, 2025

In a modest respite for potential homebuyers, St. Louis mortgage rates have shown a fractional decrease as of June 2025, with the 30-Year Fixed Rate now sitting at 6.89%, a slight decline of 0.04%. The 15-Year Fixed Rate has also seen a minimal drop, now at 6.20%, down by 0.01%. While these changes may seem minimal, in the context of rates consistently above 6.5%, any reduction can be significant for those financing a home purchase.

For buyers and sellers in the St. Louis area, these changes signal a potentially cooling market, where slightly lower rates could enhance buying power, albeit Continue Reading →

St. Louis-Based MARIS Proves Its Strength as Regional MLS Outperforms Local Associations in 2024

By Dennis Norman, on June 11th, 2025

MARIS membership vs St Louis Realtors membership

MARIS Outperforms Its Associations in Stability, Solidifying Its Role in the St. Louis Real Estate Market

In a shifting real estate landscape marked by declining membership in many markets, MARIS (Mid-America Regional Information Systems) stands out as a model of stability and strength. Headquartered in St. Louis, MARIS is the MLS for the St. Louis metro area, and surrounding counties, serving 10 local associations across Missouri and Illinois. As of year-end 2024, MARIS recorded 15,014 subscribers—a decline of just 2.1% from the previous year. Compared to the drops seen in many of the associations it serves, this is a noteworthy Continue Reading →

Federal Lawsuit Challenges NAR Policy That Forces Brokers to Pay for Non-Member Agents

By Dennis Norman, on June 10th, 2025

JOhn Diaz vs NAR lawsuit over dues for non member agents

A new federal lawsuit filed in California is challenging a long-standing National Association of REALTORS® (NAR) policy that many small and independent brokers argue has quietly stifled competition in the real estate industry for years. The suit, brought by broker John Diaz, centers on the “Variable Dues Formula” — a policy that requires designated REALTOR® brokers to pay NAR dues not just for themselves, but also for any agents in their firm who are not NAR members, even if those agents opt out of the services.

While this may sound like an administrative issue, it has real consequences, particularly for Continue Reading →

Missouri Leads Nation as Real Estate Investors Sell Off Record Number of Homes

By Dennis Norman, on June 10th, 2025

Investors offloading property in St Louis

Last year saw a record-setting shift in the housing market as real estate investors unloaded homes at a pace we haven’t seen in over two decades. According to the 2025 Investor Report released by Realtor.com, nearly 11% of all U.S. home sales in 2024 came from investors—the highest level since this data began in 2001. Unlike during the pandemic boom, this uptick wasn’t about cashing in on appreciation. It was about cutting losses in a softer market with declining rents.

Missouri was at the epicenter of this trend, tying with Oklahoma for the highest percentage of investor sales at 16.7%. Continue Reading →