As any home buyer in the market is well aware no doubt, we have a low inventory of homes for sale in the St Louis MSA. As the STL Market Report below shows (which is exclusivley available from MORE, REALTORS®) there is currently just a 1.2 month supply of active listings in the St Louis metro area. It doesn’t look like the situation is improving either as MORE’s Local Home Trends Reports at the bottom show that new contracts in the past two weeks have outpaced new listings during the same period. There were 2,105 new contracts written for the sale of a home and there were 1,976 new listings of homes for sale. With the new sales outpacing new listings by a little over 6% it indicates we are not going to see any improvement in the inventory in the near term.
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STL Market Report for the St Louis MSA
(click on report for live report)
Local Home Trends Report- New Contracts
(click on report for live, current report)
Local Home Trends Report- New Listings
(click on report for live, current report)
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