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

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.

STL Real Estate Trends Report – Price Reductions

(click on report for most recent report)

STL Real Estate Trends Report - Price Reductions  St Louis 5-County Core Market

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