Nearly Half The Active St Louis Listings Have Reduced The Asking Price

By Dennis Norman, on October 12th, 2022

As the STL Real Estate Trends report below shows, as of last week, 43% of the active listings in the St Louis 5-County core market have a current asking price that is lower than the initial asking price.  This is more than a 100% increase from the same week last year when only 20% of the listings had a reduced asking price.

Franklin County saw the biggest increase in price reductions on listings  from last year with an increase from 14% to 47%.  Franklin County also has the highest percentage of active listings with a reduced price and St Charles County, at 38%, the lowest.

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STL Real Estate Trends Report – Price Reductions

(click on report for most recent report)

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