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 real estate data. According to recent statistics, the fastest selling zip codes in the area are 62035 in Madison-IL, IL, 63021 in St. Louis, MO, and 63055 in Franklin, MO.
In 62035, homes are selling at lightning speed with an average of only 15 days on the market. This district boasts 6 active listings with an average list price of $324,250. Close behind is 63021, where homes are selling in an average of 17 days. This highly sought-after area has 14 listings currently on the market. And in third place is 63055, with an average of 18 days on the market and 6 active listings. Families looking to buy or sell a home in these zip codes should act fast, as these homes are in high demand.
If you want to see the complete list of the fastest selling zip codes in the St. Louis metropolitan area, head over to MORE, REALTORS®. Don’t miss out on the opportunity to buy or sell a home in one of these hot zip codes. With homes selling in record time, you won’t want to wait!
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!
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.
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
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:
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.
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.
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)
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.
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)
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.
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)
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.
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.
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.
As we welcome the new year, it’s a perfect time to reflect on the past and set our sights on the opportunities ahead. Whether you’re planning to buy your dream home, sell your current property, or invest in the thriving St. Louis real estate market, 2025 promises to be an exciting year full of possibilities.
The St. Louis real estate market has remained a dynamic and diverse one, with opportunities for homeowners, buyers, and investors alike. From charming historic neighborhoods to bustling new developments, there’s something for everyone. As we kick off the year, now is the perfect time to consider your real estate goals and explore how you can make the most of the market in 2025.
At St. Louis Real Estate News, powered by MORE, REALTORS®, we’re committed to keeping you informed and connected to the latest market trends, insights, and opportunities. Whether you’re ready to make a move or just starting to explore your options, our team wishes you a happy, healthy, and successful new year! Here’s to making 2025 a year of new beginnings and exciting ventures in real estate.
Are you in the market to buy or sell a home in the St. Louis metropolitan area? Look no further than the fastest selling zip codes for your next move. According to recent data, the top three zip codes with the shortest average days on market are 63043 in St. Louis, MO, 63074 in St. Louis, MO, and 62095 in Madison-IL, IL.
With only 11 active listings and an average of 30 days on the market, 63043 takes the top spot for the fastest selling zip code in St. Louis. And with an average list price of $273,836, it’s an attractive option for both buyers and sellers. Coming in at a close second is 63074, with 10 listings and an average of 31 days on the market. And for those looking to buy or sell in Illinois, 62095 in Madison-IL offers a competitive market with 9 listings and an average of 38 days on the market.
If you’re interested in seeing the complete list of the fastest selling zip codes in the St. Louis area, head over to MORE, REALTORS®. Our team of experienced agents can help guide you through the process and find the perfect home for you and your family. Don’t miss out on these hot zip codes – start your search today!
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 fastest selling school districts in the region. According to recent data, Wolf Branch DIST 113 in Illinois takes the top spot with an average of only 16 days on the market for its 3 active listings. This district boasts a desirable location and an average list price of $314,300, making it a hot spot for families looking to settle down.
But Wolf Branch DIST 113 isn’t the only school district with a quick turnaround time. Coming in at a close second is Jefferson Co. R-VII in Unincorporated, MO, with an average of 30 days on the market for its 5 listings. And just a bit further down the list is MOUNT OLIVE DIST 5 in Illinois, with an average of 34 days on the market for its 5 active listings. To see the full list of the fastest selling school districts in the St. Louis metro area, visit MORE, REALTORS® for more information. Don’t miss your chance to buy or sell in these sought-after areas.
For St. Louis homeowners considering selling their homes, the 2024 National Association of Realtors Profile of Home Buyers and Sellers offers valuable insights into current trends. According to the report, the median time a home spends on the market remains a swift three weeks, with 49% of all homes selling within just two weeks. For sellers, this indicates that pricing your home competitively and working with an experienced agent can lead to quick and successful sales.
Additionally, the median sales price continues to align with the listing price, holding steady at 100% of the asking price. This consistency underscores the importance of proper market preparation and strategy. Homes that linger longer on the market often see price adjustments, as highlighted by the data showing 65% of sellers did not reduce their asking price, while 21% made one adjustment.
Finally, homeowners’ motivations for selling reflect the changing dynamics of life. Whether it’s downsizing because a home feels too large (11%), relocating to be closer to family (23%), or moving due to a job relocation (7%), understanding these reasons can help sellers frame their decisions and goals effectively.
If you’re considering listing your St. Louis home, connect with the local experts at MORE, REALTORS® to ensure you’re informed and prepared for a seamless selling experience. The full 2024 NAR report is available below for further insights.
The National Association of Realtors’ 2024 Profile of Home Buyers and Sellers provides fascinating insights into the evolving preferences and demographics of today’s real estate market. As reflected in the charts below, buyers continue to seek homes and neighborhoods that align with their lifestyles and values, while trends in home size, type, and location highlight shifting priorities.
Key Highlights from the Report
Family Dynamics in Home Purchases: The share of homebuyers without children under 18 in the home has risen significantly, reaching 73% in 2024, compared to just 41% in 1981. This trend underscores how demographic changes are shaping the housing market, with more buyers focusing on personal preferences or retirement needs rather than family-centric requirements.
Neighborhood Selection Drivers: When choosing a neighborhood, 59% of buyers cited the quality of the neighborhood as the top factor, while proximity to friends and family came in second at 45%. Affordability, shopping convenience, and walkability were also notable influences.
What Homebuyers Want: Detached single-family homes remain the gold standard, with 75% of buyers opting for this type of property. However, preferences between new and previously owned homes differ—31% of buyers chose new homes for features like energy efficiency, while 31% opted for previously owned homes citing better overall value.
Emerging Trends in Home Sizes and Environmental Features
The report reveals that the median size of homes purchased by first-time buyers remains modest at 1,500 square feet, while repeat buyers prefer larger homes averaging 2,000 square feet. Meanwhile, the importance of energy-efficient features continues to grow, with heating and cooling costs cited as very important by 33% of buyers.
For those interested in diving deeper, the complete report can be accessed below. As always, if you’re considering buying or selling a home in the St. Louis metro area, the expert agents at MORE, REALTORS® are here to assist. We pride ourselves on understanding the market trends and finding the perfect fit for your needs. Contact us today to explore your options!
The 2024 Profile of Home Buyers and Sellers, published by the National Association of Realtors (NAR), provides a detailed look at the trends shaping the real estate market. One of the most striking takeaways is the continued rise in the age of first-time home buyers. In 2024, the median age of first-time buyers is 38 years—a dramatic jump from 29 yearsin 1981. This increase reflects the growing challenges young buyers face, including rising home prices, student loan debt, and tighter lending standards. The chart below vividly illustrates this trend over the past four decades.
In contrast, repeat buyers now have a median age of 61 years, as seasoned homeowners return to the market later in life. For all buyers, the median age has reached 56 years, a significant shift from the past. These changes highlight the growing complexity of homeownership in today’s market, where affordability and economic pressures are driving buyers to delay their purchases.
As buyers grow older, their household composition has also changed. This year, 73% of buyers reported having no children under 18 at home, compared to 59% in 1981. This shift suggests evolving priorities among today’s buyers, many of whom are opting for homes that meet their lifestyle needs rather than focusing solely on family size.
At MORE, REALTORS®, we understand these changing dynamics and specialize in helping buyers and sellers navigate the real estate market, whether you’re a first-time buyer, a seasoned homeowner, or simply exploring your options. Contact us today to learn how we can help you make informed, confident real estate decisions. For even more insights, explore the full NAR report by clicking HERE and check out the charts below to better understand today’s home buyer.
As of November 2024, year-to-date (YTD) home sales in the St. Louis metro area reached 28,672, marking a slight decline compared to the 29,072 homes sold by this time last year. This represents a reduction of 400 homes sold year-over-year, a modest dip of approximately 1.37%.
While this year’s figures are down slightly, the broader picture of the St. Louis housing market remains resilient, even amidst shifting economic and market conditions. To put this in perspective, the YTD home sales in November 2024 are still significantly higher than in some prior years, particularly during market troughs like 2010.
For home buyers and sellers, this data highlights the importance of staying informed about current market trends. Explore live, interactive charts “below” to dive deeper into the history of St. Louis real estate sales.
While many rush to snag the best deals on TVs and appliances this Black Friday, savvy homebuyers know the real bargains might be waiting in the St. Louis real estate market. Homes with price reductions or fresh opportunities after a contract falls through can offer a golden chance to snag a deal on your dream home. Instead of battling holiday shoppers, consider browsing the incredible opportunities on WillingToNegotiate.com.
This website features homes in the St. Louis metro area where sellers are showing flexibility. Whether you’re eyeing a property with a recent price cut or one that’s back on the market, the platform connects buyers with negotiable opportunities. Best of all, the listings are conveniently organized by county, making it easy to explore options in your desired location. Highlights include:
Price-Reduced Listings: Sellers are signaling flexibility with markdowns—find homes that fit your budget.
Back-on-Market Properties: Missed it the first time? These listings offer a second chance to buy.
Extended Listings: Homes that have been on the market longer might be ripe for negotiation.
Explore the deals this season at WillingToNegotiate.com and let the professionals at MORE, REALTORS® guide you through making an offer that counts. Forget the frenzy of Black Friday shopping—your next big “deal” could be a new home!
As we gather this Thanksgiving, St. Louis Real Estate News and MORE, REALTORS, the company behind the news, want to extend our heartfelt gratitude to our readers, clients, and the St. Louis community. Whether you’re celebrating in a cozy brick bungalow, a historic Victorian, or a newly built home, the warmth of family and friends reminds us why real estate isn’t just about properties—it’s about the lives we build within them.
Thanksgiving is a time to reflect on blessings, and as a local real estate leader, we’re thankful for the opportunity to help families achieve their dreams of homeownership. Just as a home serves as the foundation for cherished memories, our commitment to excellence and ethics forms the foundation of our work.
From all of us at St. Louis Real Estate News and MORE, REALTORS®
, we wish you a Happy Thanksgiving filled with love, laughter, and gratitude. May your holiday season be as warm and welcoming as the homes we are privileged to help you find.
A recently released documentary sheds light on St. Louis’s rich architectural heritage, centered around its iconic use of brick. The film traces the city’s brick legacy, revealing how local clay, craftsmanship, and historical events like the 1849 fire shaped the city’s skyline. It explores not only the artistry and resilience of St. Louis’s brick buildings but also the challenges posed by neglect and urban decay. The full documentary is available below, offering an immersive dive into this fascinating history.
One highlight of the film is its emphasis on the unique aesthetic qualities of brick, as one contributor notes: “Brick absorbs sunlight… the same building can glow pink in the morning and turn golden in the afternoon.” This ever-changing palette has contributed to St. Louis’s distinctive character, with its streets lined by intricately designed brick homes and buildings. The documentary also delves into the city’s transition to brick following the devastating 1849 steamboat fire, which destroyed much of downtown and spurred new construction mandates prioritizing fireproof materials like brick.
However, the film doesn’t shy away from the darker side of this legacy. It highlights the current threats to St. Louis’s architectural identity, including urban decay and brick theft. Local historian Michael Allen laments, “Every time a building goes down, we lose a little bit of our memory…aesthetic beauty and craftsmanship that uplifted everyday lives.” Efforts to preserve the city’s heritage remain vital, ensuring that St. Louis’s unique architectural story continues to inspire future generations.
At MORE, REALTORS®, we understand the importance of preserving St. Louis’s rich history while helping our clients build their futures. Whether you’re buying, selling, or investing, our team is committed to the highest ethical standards and deep community expertise to guide you through every step of the real estate process.
The full documentary transcript and video can be viewed below for a comprehensive exploration of St. Louis’s brick-built legacy.
Uncovering St. Louis’ Brick Legacy Brick by Chance and Fortune Documentary
The New York Times published a detailed investigation yesterday into the spending practices of the National Association of REALTORS® (NAR), raising significant questions about the organization’s leadership and its stewardship of member dues. The report, titled “Chauffeured Cars and Broadway Tickets: Inside the National Realtors Group,” written by Debra Kamin, explores what some describe as a culture of excess and self-interest within one of the largest trade associations in the United States.
The investigation reveals that NAR’s top executives and elected leaders have enjoyed a range of extravagant perks, from luxury hotel suites and first-class travel to private club memberships and even pet-sitting expenses. According to Kamin, former CEO Bob Goldberg, who resigned last year, received a compensation package that included a $1.2 million salary that grew to $2.6 million over five years, a $1,500 monthly car allowance, and paid pet care while on business trips. NAR officials defended these expenditures as necessary for the demands of leadership, but nonprofit law experts cited in the article raised concerns about potential violations of tax laws.
Adding to the controversy, NAR has faced mounting legal challenges, including a recent $418 million settlement related to a Missouri lawsuit over inflated commissions. Kamin reports that some REALTORS® feel abandoned by an organization that has historically promised to protect their interests. As real estate strategist Rob Hahn put it, “When N.A.R. gets its ass kicked in every lawsuit and then throws brokers under the bus, it’s like, what am I paying for?”
At MORE, REALTORS®, we understand the importance of upholding the original ideals of professionalism and integrity that once defined NAR. While the current controversies highlight systemic issues within the organization, they also serve as a reminder of why ethical and responsible leadership matters more than ever. At our brokerage, we set high standards for ourselves and the agents we work with, staying true to the spirit of Charles Chadbourn, who coined the term REALTOR® over a century ago.
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 fastest selling zip codes in the region. According to recent data, the top three fastest selling zip codes in St. Louis are 63043, 63128, and 63040.
In the top spot is 63043, located in St. Louis, MO, where homes are selling at lightning speed with an average of only 21 days on the market. With an average list price of $274,338, this zip code offers affordable options for families looking to settle down in a bustling community. 63128 takes second place with an average of 24 days on the market and 25 active listings. And coming in at third place is 63040, with only 6 listings but still a quick turnaround time of 25 days on the market.
If you’re interested in finding out the complete list of the fastest selling zip codes in St. Louis, head over to MORE, REALTORS® for more information. Don’t miss out on the opportunity to buy or sell your home in these sought-after zip codes. Act fast before the market heats up even more in these hot spots!
The St. Louis real estate market has experienced significant fluctuations over the past 25 years, highlighted by two notable peaks that suggest a “double bubble” phenomenon. The trend chart, based on a rolling 12-month sales data, captures these market dynamics clearly. The first peak in 2005 saw home sales reach approximately 38,039 units, coinciding with the national housing bubble. This peak was followed by a substantial decline, with sales dropping by about 25.5% by 2008. The second peak occurred in 2021, with home sales climbing to around 43,058 units, driven by low interest rates and shifts in housing demand due to the COVID-19 pandemic. This peak too saw a significant drop, with sales decreasing by approximately 27.6% in the subsequent years.
Understanding these trends is crucial for navigating the St. Louis housing market effectively. The substantial declines following each peak highlight the market’s volatility and the importance of strategic decision-making for both buyers and sellers. Monitoring such patterns helps in making informed predictions and decisions based on solid historical data and trends.
At MORE, REALTORS®, our experienced agents are well-versed in the nuances of the local market. Whether you’re looking to purchase your first home or invest in properties, our team is equipped to guide you through every stage of the process. We pride ourselves on providing informed and thoughtful advice, ensuring that you make the most strategic decisions in today’s ever-changing real estate landscape.
St Louis MSA – 12-Month Home Sales Trend Since 1999 (Chart)
(click the chart below for live, interactive chart)
The term “REALTOR®” is one of the most recognized in the real estate industry, but its meaning is often misunderstood. While many people assume all real estate agents are REALTORS®, that’s not the case. The distinction goes beyond holding a license—it’s tied to a specific organization, a shared history, and a professional designation with legal and ethical implications. Let’s explore where the term comes from, how it’s protected, and what it means today.
A Brief History of the Term
The term “REALTOR®” was coined in 1916 by Charles N. Chadbourn, a real estate agent who sought to create a professional identity for members of the National Association of Real Estate Boards, now known as the National Association of REALTORS® (NAR). Chadbourn wanted to distinguish professionals who adhered to a defined code of ethics and elevated the standards of the real estate profession. In 1949, the term was trademarked by NAR, giving the organization exclusive rights to its use.
This trademark ensures that only members of NAR can use the term “REALTOR®,” much like the way “Kleenex” refers to a specific brand of tissues rather than all tissues. It’s a legal designation that differentiates REALTORS® from other licensed agents—but it’s not a guarantee of superior service or moral standing.
The REALTOR® Difference: What It Means Today
To use the title, REALTORS® must agree to abide by NAR’s Code of Ethics. While this code aims to set higher standards for professional conduct, much of it aligns with basic legal requirements that agents must already follow under state laws. Critics argue that the organization’s focus has shifted over time, and its standards may not be as rigorous as they once were. Recent controversies, lawsuits, and leadership issues within NAR have further complicated its reputation, raising questions about its ability to fulfill its founding mission.
Still, the term “REALTOR®” holds historical significance as a symbol of professionalism, and it serves as a reminder of the original intent set forth by Chadbourn: to foster trust and integrity in real estate.
Why This Matters to Buyers and Sellers
For buyers and sellers, understanding the distinction between a licensed agent and a REALTOR® is essential. However, designations alone don’t define the quality of service or ethical standards an agent upholds. At MORE, REALTORS®, our focus isn’t just on being members of NAR. We strive to set the bar higher by surrounding ourselves with agents who embody integrity, professionalism, and a commitment to doing what’s right. This is the spirit of Charles Chadbourn’s vision, even if the broader organization has strayed from its original path.
If you’re looking for a team that values high moral and ethical standards, MORE, REALTORS® is here to guide you. Our agents are committed to not just meeting but exceeding the expectations of those we serve. After all, real estate isn’t just about buying and selling homes—it’s about trust, relationships, and doing what’s right.
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 fastest selling school districts in the region. According to recent data, the top three districts with the shortest average days on market are located in Illinois.
Topping the list is MOUNT OLIVE DIST 5, with an average of just 15 days on the market for its four current listings. With an average list price of $199,325, this district offers a great value for families looking to settle down. Following closely behind is Wolf Branch DIST 113, with an average of 16 days on the market for its four listings. And in third place is New Athens DIST 60, with an average of 17 days on the market for its three current listings.
If you want to stay on top of the fastest selling school districts in the St. Louis metro area, be sure to check out the complete list at the end of this article. And when you’re ready to make a move, be sure to contact MORE, REALTORS® for expert guidance and assistance. With their knowledge of the local market and dedication to client satisfaction, they can help you find the perfect home in one of these hot school districts. Don’t miss out on your dream home – start your search today!
The National Association of REALTORS® (NAR) 2024 Profile of Home Buyers and Sellers provides a comprehensive look at trends shaping the real estate market this year. From changing demographics to buyer challenges, this report highlights critical shifts in homebuying and selling behaviors. The full report is available below for readers who wish to explore it in detail.
One of the most notable trends is the rising age of both first-time and repeat homebuyers:
First-time buyers now have a median age of 38, marking a significant shift from the late-20s median seen in the 1980s. This increase reflects the growing challenges of affordability and tighter lending standards.
Repeat buyers have also reached an all-time high median age of 61, suggesting that many established homeowners are now looking to downsize, relocate, or move closer to family.
The report further indicates a strong preference for using real estate professionals. A remarkable 88% of buyers purchased their homes with the assistance of a real estate agent. The majority valued support in:
Finding the right property (49%)
Negotiating terms (14%)
Managing paperwork (7%)
These services are particularly important as buyers continue to face a competitive market with low inventory levels and relatively high prices.
On the selling side, the report highlights the quick turnover in home sales. Sellers typically achieved 100% of their asking price and sold their properties within an average of three weeks. This reflects strong demand and a limited supply of homes for sale, allowing sellers to command competitive prices and rapid sales.
For anyone considering a move, the insights in NAR’s 2024 Profile of Home Buyers and Sellers can serve as a valuable guide. For personalized advice, the experienced agents at MORE, REALTORS® are here to assist you with every step of your real estate journey. Please refer to the full NAR report below to explore additional insights and trends.
National Association of REALTORS® 2024 Profile of Home Buyers and Sellers
Are you in the market for a new home in the St. Louis metropolitan area? Look no further than the fastest selling zip codes in the region. According to recent data, the top three zip codes with the shortest average days on market are 63043, 63044, and 63117. With homes selling in just 8, 25, and 26 days respectively, these zip codes are in high demand for potential home buyers.
In 63043, the average list price for active listings is $249,311, making it an attractive option for families looking for affordable yet fast-selling homes. The second fastest selling district, 63044, offers a similar appeal with an average of 8 listings and a slightly longer 25 days on the market. And for those looking for a more urban setting, 63117 in St. Louis City boasts 13 listings with an average of 26 days on the market. Curious about the rest of the top 10 fastest selling zip codes in the St. Louis area? Check out the complete list at the end of this article, brought to you by MORE, REALTORS®. Don’t miss out on the opportunity to snag a home in one of these hot zip codes before they’re gone!
The latest report from the Federal Reserve Bank of New York highlights some key shifts in consumer expectations that could impact the St. Louis real estate market. While inflation expectations remain stable at 3.0% for the next year, medium- and long-term expectations have ticked up slightly. This suggests that buyers and sellers in St. Louis may face rising costs in the coming years, particularly as home price growth expectations hover around 3.0%, showing little movement. The labor market offers some reassurance, with more people feeling confident about finding a job if they lose one, but the rising likelihood of missed debt payments—now at its highest level since April 2020—could be a warning sign for those on the edge of financial strain.
For homebuyers and sellers alike, this data underscores the importance of planning carefully in an uncertain environment. Buyers may need to navigate tighter credit markets, even though perceptions of credit access have improved slightly. Sellers, on the other hand, should remain vigilant about market shifts as inflation and debt issues weigh on consumer behavior. As noted in the survey, the average perceived probability of missing a debt payment in the next three months increased to 14.2%, which is especially concerning for mid-to-higher income households. This kind of financial pressure could lead to changes in demand and affordability in St. Louis.
At MORE, REALTORS®, our team is dedicated to helping you make informed decisions in any market condition. Whether you’re a buyer or seller, our expertise in the St. Louis real estate market ensures that you’ll have the guidance you need to navigate these uncertain times. Let us help you find the right path forward.
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