New Listings Continue To Outpace New Contracts In Four out of Five Counties In St Louis Area

Last week, there were 405 new listings of homes for sale in the St Louis 5-county core market, according to the STL Real Estate Trends Report from MORE, REALTORS®.  During the same week, there were 365 new sale contracts written on homes for sale resulting in a new listing to new contract ratio of 1.11.  As the tables below illustrate, the only county that had more new sales last week than new listings was Franklin County with 16 new sales and 15 new listings.

Listing supply remains low…

As the table at the bottom shows, as of today, there is just a 1.22 month supply of listings on the market for the St Louis 5-County Core market.  While the current months supply is about double what it was a little over a year ago, it is still very low, historically speaking.

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