Nearly One-Third Of St Louis Homes Listed For Sale Have Reduced The Price

Price reductions are quickly showing up more and more on real estate listings in the St Louis area.  As the Infograph below illustrates, 31% of the current active listings in St Louis have had at least one price reduction.  Since the price homes sell at isn’t known until closing and a home sale typically takes 4 to 6 weeks to close, the actual sold prices won’t reflect these price reductions for a while.  For example, in the past 30 days (through today) there have been 2,381 closings of home sales in the 5-county St Louis core market at a median price of 104% of the original list price.  In about a month we’ll revisit that stat and see how things look.


St Louis Real Estate Listings With Price Reductions

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