St Louis Pending Home Sales Decline

St Louis pending home sales were down in February from a year ago and, thus far, 2014 is off to a slower pace than 2013 in terms of St Louis area home sales.  For the 3-county area, which includes St Louis county, St Charles county and the city of St Louis, there were a total of 2,249 pending home sales in February, down 21% from February 2013 when there were 2,848.  Year to date through the end of February, there have been 4,433 pending home sales in that 3-county area, down 20.4% from a year ago when there were 5,569.

As the charts below illustrate so graphically, one reason behind this slow down in sales could well be the lack of inventory.  The charts show pending home sales as well as active listings for 2014 year to date as well as for the same year-to-date period for each of the prior 4 years and clearly shows two things; home sales were much better this time last year and the number of active listings has shrunk dramatically.

See all the NEW Listings of homes for sale in St Louis HERE

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St Louis County

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Source: Mid-America Regional Information Services

St Charles County

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Screen Shot 2014-03-28 at 6.01.06 PM

Source: Mid-America Regional Information Services

St Louis City

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Screen Shot 2014-03-28 at 6.08.08 PM

Source: Mid-America Regional Information Services

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