Real Estate Market - St Louis Real Estate News

Discover the Hottest Zip Codes in St. Louis: Where Homes are Flying Off the Market in Record Time

By Dennis Norman, on February 16th, 2025

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. Continue Reading →

Discover the Top 3 Fastest Selling School Districts in the St. Louis Metro Area

By Dennis Norman, on February 12th, 2025

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 Continue Reading →

From Record Peaks to New Norms: January Home Sales Trends in St. Louis

By Dennis Norman, on February 10th, 2025

St Louis YTD Home Sals January 2025 by St Louis Realtors

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 Continue Reading →

What’s Driving Home Insurance Increases—and Why St. Louis Is in a Good Spot

By Dennis Norman, on February 5th, 2025

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 Continue Reading →

How Many Homes Are Agents Really Selling?

By Dennis Norman, on January 27th, 2025

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 Continue Reading →

Is Your St. Louis Home Protected from Fire? Essential Insurance Tips for Homeowners

By Dennis Norman, on January 24th, 2025

What homeowners insurance covers in the case of a fire to a home in St. Louis?

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 Continue Reading →

Are Home Prices Really Soaring? A Look Behind the Numbers

By Dennis Norman, on January 22nd, 2025

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 Continue Reading →

High St. Louis Home Prices: What Buyers and Sellers Should Expect Next

By Dennis Norman, on January 22nd, 2025

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, Continue Reading →

St. Louis Housing Inventory: Where Buyers and Sellers Can Win

By Dennis Norman, on January 21st, 2025

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 Continue Reading →

Discover the Hottest Real Estate Markets in the St. Louis Metro Area

By Dennis Norman, on January 16th, 2025

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 Continue Reading →

Discover the Top 3 Fastest Selling School Districts in St. Louis Metro Area

By Dennis Norman, on January 12th, 2025

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 Continue Reading →

Off-Market Listings: A Curious Conflict in Real Estate Practices

By Dennis Norman, on January 10th, 2025

Off Market Listings - Broker or Office Exclusive Listings

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.

Continue Reading →

Happy New Year from St. Louis Real Estate News!

By Dennis Norman, on January 1st, 2025

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 Continue Reading →

Discover the Hottest Zip Codes in St. Louis for Home Buyers and Sellers

By Dennis Norman, on December 16th, 2024

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 Continue Reading →

Discover the Hottest School Districts for Home Buyers and Sellers in the St. Louis Metro Area

By Dennis Norman, on December 12th, 2024

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 Continue Reading →

National Seller Trends Show Stability in Sale Prices and Quick Market Times for 2024

By Dennis Norman, on December 7th, 2024

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 Continue Reading →

Detached Homes Still Reign: Key Trends from the 2024 Buyer Profile

By Dennis Norman, on December 6th, 2024

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 Continue Reading →

First-Time Home Buyers: Now Older Than Ever

By Dennis Norman, on December 5th, 2024

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 Continue Reading →

St. Louis YTD Home Sales Decline Slightly in 2024

By Dennis Norman, on December 5th, 2024

St Louis MSA YTD Home Sales - 1999 to Present (Chart)

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 Continue Reading →

Skip Black Friday Crowds for Real Estate Deals!

By Dennis Norman, on November 29th, 2024

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, Continue Reading →

Happy Thanksgiving from St. Louis Real Estate News and MORE, REALTORS®

By Dennis Norman, on November 28th, 2024

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 Continue Reading →

St. Louis’s Brick Legacy: The History Behind the City’s Unique Architecture

By Michael Abernathy, on November 20th, 2024

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 Continue Reading →

Inside the National Association of REALTORS®: A Closer Look at Lavish Spending and Controversy

By Dennis Norman, on November 19th, 2024

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 Continue Reading →

Discover the Hottest Zip Codes in St. Louis for Home Buyers and Sellers

By Dennis Norman, on November 16th, 2024

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 Continue Reading →

St. Louis Real Estate Double Bubble: A 25-Year Retrospective on Home Sales Peaks

By Dennis Norman, on November 14th, 2024

St Louis Housing Double Bubble - Home Sales Trends from 1999 to Present

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 Continue Reading →

What is a REALTOR®?

By Dennis Norman, on November 13th, 2024

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 Continue Reading →

Discover the Hottest School Districts in the St. Louis Metro Area

By Dennis Norman, on November 12th, 2024

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, Continue Reading →

Rising Homebuyer Ages and New Market Trends: NAR’s 2024 Profile

By Dennis Norman, on November 5th, 2024

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 Continue Reading →

Discover the Hottest Zip Codes in St. Louis: Where Homes are Flying Off the Market

By Dennis Norman, on October 16th, 2024

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, Continue Reading →

St. Louis Real Estate: Inflation and Delinquency Trends Impacting Buyers and Sellers

By Dennis Norman, on October 15th, 2024

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 Continue Reading →