New Listings To New Contracts Ratio Increases This Month

For the first three weeks of June there were 1,475 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 period, there were 1,194 new contracts written on homes for sale resulting in a new listing to new contract ratio of 1.25.  This ratio of listings to new sales is higher than it was 3 weeks ago when I shared the last update from the STL Real Estate Trends report and it was 1.05 at that time for the period reported which was the first 3 weeks of May.

It was at the end of last week that the mortgage bond market blew apart forcing mortgage interest rates up so when our new report for this week is release next Thursday we’ll see what effect that had on the market.

STL Real Estate Trends Report – New Contracts Most Recent Week

(click on table for current report)

STL Real Estate Trends Report - New Contracts Most Recent Week

STL Real Estate Trends Report – New Listings Most Recent Week

(click on table for current report)

STL Real Estate Trends Report - New Listings Most Recent Week

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