St Louis New Contracts On Listings Outpacing New Listings But By 15 Percent Less Than Last Year

New sales of listings (an accepted offer) in St Louis in November are outpacing new listings with 1.06 new sales for every 1 new listing.  As the leading indicator reports below illustrate (available exclusively from MORE, REALTORS®), for the first 3 weeks in November, there have been 2,139 new sales of listings and 2,026 new listings.  At the same time a year ago, new sales outpaced new listings at 1.24 to 1, so the current trend is down 15%.

Worth noting in the data is that new sales of St Louis homes in the first three weeks of November 2021 are up 4.5% from the same period a year ago, new listings for the same period this year are up 23% from a year ago.  This is a trend worth watching and if it continues, could help with the low inventory problem that has made the St Louis real estate market a brutal market for home buyers for the past couple of years.

New Sales of St Louis Listings – 3rd Week in November 2021 vs 2020

(click on table for live view)

New Sales of St Louis Listings - 3rd Week in November 2021 vs 2020

New Sales of St Louis Listings – 2nd Week in November 2021 vs 2020

(click on table for live view)

New Sales of St Louis Listings - 2nd Week in November 2021 vs 2020

New Sales of St Louis Listings – 1st Week in November 2021 vs 2020

(click on table for live view)

New Sales of St Louis Listings - 1st Week in November 2021 vs 2020

New St Louis Listings – 3rd Week in November 2021 vs 2020

(click on table for live view)

New St Louis Listings - 3rd Week in November 2021 vs 2020

New St Louis Listings –  2nd Week in November 2021 vs 2020

(click on table for live view)

New St Louis Listings -  2nd Week in November 2021 vs 2020

New St Louis Listings – 1st Week in November 2021 vs 2020

(click on table for live view)

New St Louis Listings - 1st Week in November 2021 vs 2020

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