Between low, low-interest rates and the seasonally low home prices, there is no better time to buy a home! Just like every year, home prices are declining and will continue to decline over the next few weeks until they hit their “winter bottom” and then start the climb back to spring prices. All the while, mortgage interest rates remain low, giving you more buying power than a year ago, even at the higher home prices! Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update Continue Reading →
|
|||
|
New home construction in St. Louis during October held at about the same trend as September with 4,289 new home permits issued for the 12-month period ended October 31, 2019, a decline of 8.04% from a year ago when there were 4,664 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri. This is about the same as September when the 12-month trend was down 8.05% from the prior 12-month period. As the table below shows, 4 of the 7 counties covered in the report saw a decline in new home permits Continue Reading → Are you one of those people like me that didn’t go out and fight the crowds on Black Friday in search of deals and instead waited until today to catch the Cyber Monday deals online from the comfort of your home or office? Or perhaps you were out Friday shopping and now you are back at it online? In any event, don’t forget that Cyber Monday deals come 7 days a week this time of the year in real estate! That’s right! Like I discussed here on Black Friday, some of the best deals of the year on St Louis Continue Reading → As you get ready to head to the stores today for all those Black Friday bargains, perhaps you should jump on St Louis Real Estate Search and find a few houses to look at as well? Well, if you have been thinking about buying a home, you would do well to buy now rather than wait for spring. As the table below shows, based upon data just released from ATTOM Data Solutions, people in Missouri that buy homes in October, November or December get the best deals of the year! This may account for the fact that there were 25% Continue Reading → Thanksgiving began in the U.S. in 1789 after the issuance of the proclamation below made by President George Washington and was initially a harvest festival. Thanksgiving did not actually become a federal holiday in the U.S. until 1864 when President Abraham Lincoln proclaimed it “as a day of thanksgiving and praise to Almighty God, the beneficent Creator, and Ruler of the Universe.”. Thanksgiving Proclamation By the President of the United States of America, a Proclamation. Whereas it is the duty of all nations to acknowledge the providence of Almighty God, to obey His will, to be grateful for His Continue Reading → Annually, the National Association of REALTORS® (NAR) does a massive survey of people that purchased and sold a home in the prior year to gather information about them and their transaction. This is done using a 125 question survey that was sent to nearly 160,000 people, in randomly sampled geographic areas, that purchased or sold a home in the prior year. The results are published by NAR in their “Profile of Home Buyers and Sellers“. From this publication, some great information is obtained (in my humble opinion, the best and most accurate information available) about home buyers and sellers as Continue Reading → As the table below shows, from MORE, REALTORS® exclusive STL Market Report, the overall St Louis MSA housing market has a current supply of homes for sale equal to just a little over two-and-a-half months making it very much favor sellers. The St Louis 5-County Core market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) have, as the second table shows, an even lower supply of homes for sale with a 2.32 month supply. However, as the list at the bottom shows, there are some municipalities within the St Louis area that are buyers Continue Reading → In August, the overall mortgage delinquency rate (30 or more days past due) was 3.7% for the U.S. which is a 0.2 percentage point decline from a year ago and is the lowest overall delinquency rate in 14-years, according to date just released by CoreLogic. The delinquency rate for August of 3.7% marks the lowest delinquency rate during the month of August in 20 years. The serious delinquency rate (120+ days late) decline of 1.2% a year ago to just 1.0% in August 2019, nearly a record low. The Foreclosure Rate fell in August 2019 to 0.4% from 0.5% a Continue Reading → After peaking in May 2018 with 27,829 homes sold in the prior 12-months, the St Louis home sales trend has trended downward until hitting 26,852 homes sold in the 12-month period ended August 31, 2019. However, for the two months since this low, St Louis home sales have trended upward slightly, reaching 26,888 homes sold in the 12-month period ended October 31, 2019. Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES St Louis 5-County Core Market Home Sales Trend – Past 5 Years The foreclosure rate for the St Louis MSA during October increased 11.3 percent from the month before however, it was still nearly 25 percent (24.5%) lower than October 2018, according to data just released from ATTOM Data Solutions. As the table below shows, there were some real mixed results this month. For example, St Charles County saw a 150% increase in foreclosures from the month before increasing from 10 in September to 25 in October but is down over 60% from October 2018. The city of St Louis is the only county of significant size in the St Louis MSA Continue Reading → Yesterday, the board of directors for the National Association of REALTORS® (NAR) approved a new policy dubbed the “Clear Cooperation Policy” which goes into effect January 1, 2020, and Multiple Listing Service’s (MLS) have until May 1, 2020, to adopt and implement. While the vote by the board of directors, 729 in favor of it to 70 opposed, may not reflect it, there is a lot of controversy about this policy among real estate agents and brokers that are members of NAR. The two main changes this new policy bring about are that agents would be mandated to put, for Continue Reading → The St Louis real estate market trends remain steady and consistent! The St Louis home sales and price trends give me an optimistic outlook for next year. Low-interest rates continue to offset some of the cost of the increases in home prices that have occurred. Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update video. [xyz-ips snippet=”Market-Update-Video–Inline-Link”] [xyz-ips snippet=”Market-Update-Video-Package”] [xyz-ips snippet=”Seller-Resources—Listing-Targeted”] During the third quarter of 2019, 10.5% of the homeowners in St Louis with a mortgage, were underwater on their mortgage, meaning they were in a negative-equity position, according to data just released by ATTOM Data Research. As the table below shows, this is the lowest level of St Louis homeowners that are seriously underwater since 2013 when this data was first tracked. Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES St Louis Underwater (Negative-Equity) Homeowners – 2013-2019 As of the end of the third quarter of this year, 18.2% of the homeowners in St Louis were “equity-rich”, meaning their mortgage total is less than 50% of their homes’ current value, according to the latest data available from ATTOM Data Research. As the table below shows, this is the highest rate of equity-rich homeowners in St Louis since ATTOM began tracking this data in 2013. Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES Equity-Rich St Louis Homeowners – 3rd Quarter 2019 Thanks to a strong economy and low-interest rates, the actual cost of a home today in St Louis is lower than it was a year ago, in spite of the fact that the median price of homes sold in St Louis has increased by 5.64% in the past year. Most people buying a typical home in St Louis finance nearly all of the purchase price, therefore, the cost of financing plays a significant role in the true cost of a home. Buyers decide what they can afford (as do lenders) based upon the house payment, not the price of the Continue Reading → The St Louis MSA homeowner vacancy rate during the 3rd quarter of this year was 1.8%, an increase from 0.3% the prior quarter and the highest rate since the 4th quarter of 2016 when the rate was 3.0%, according to data recently released by the U.S. Census Bureau. The median vacancy rate for 2019 though, at 0.5%, is still at a record low. The homeowner vacancy rate represents the percentage of total listings of homes for sale that are vacant. [xyz-ips snippet=”Foreclosures-For-Sale-and-Homes-For-Sale”] St Louis Homeowner Vacancy Rates – 2016 – Present (click on table for complete data Continue Reading → The St Louis MSA rental vacancy rate during the 3rd quarter of this year was 10.6%, an increase from 7.6% the prior quarter and the highest rate since the 1st quarter of 2016 when the rate was 12.2%, according to data recently released by the U.S. Census Bureau. Last year, the median rental vacancy rate for the St Louis MSA for the year was 6.8%, a 13 year low. [xyz-ips snippet=”Foreclosures-For-Sale-and-Homes-For-Sale”] St Louis Rental Vacancy Rates – 2016 – Present (click on table for complete data from 2005 – Continue Reading → During the 3rd quarter of this year, the homeownership rate for the St Louis MSA was 69.5% giving St Louis the 13th highest homeownership rate of the 75 largest MSA’s in the country, according to the latest date from the U.S. Census Bureau. St Louis continues to improve in the homeownership rankings, moving from 26th in the 1st quarter, to 21st in the 2nd quarter and now to the 13th highest homeownership rate in the U.S.! As the table below shows, the North Port-Bradenton-Sarasota MSA had the highest homeownership rate during the quarter at 76.7% and for the 3rd quarter Continue Reading → Homes in the 63304 Zip Code area of St Charles Cunty sold faster in the past 30 days than in any other zip code in St Charles County, according to the latest data available from MORE, REALTORS®. Homes that closed in the past 30 days in 63304 took an average time of just 23 days to sell. As the list below shows, the 63776 and 63368 zip code areas weren’t far behind. The slowest-selling St Charles County zip code in the past 30 days was the 63367 zip code area where th average time to sell a home was more Continue Reading → Homes in Rock Hill sold faster in the past 30 days than in any other city in the St Louis MSA, according to the latest data available from MORE, REALTORS®. Homes that closed in the past 30 days in Rock Hill took an average time of just 12 days to sell. As the list below shows, 6 of the 10 fastest-sold cities in the St Louis MSA were in St Louis County, 3 in St Charles County and 1 in Jefferson County. Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES Fastest SOLD Cities In Continue Reading → The median price of homes sold in Jefferson County during the past 12-months was $179,900, an increase of 6.83% from the prior 12-month period when the median price was $168,400. As the STL Market Report (an exclusive report available only from MORE, REALTORS®) shows, home sales declined slightly (1%) during the same period and the inventory remains low with a listing supply of just 2.74 months. As the STL Market Chart at the bottom illustrates (also exclusively available only from MORE, REALTORS®), home prices in Jefferson County have had the normal, seasonal, fluctuations but have been steadily trending upward over Continue Reading → There were 13,181 homes sold in St Louis County in the 12-month period ending September 30, 2019, a decline of 3.2% from a year ago when there were 13,618 homes sold in the prior 12-months. For September, the home sale trend ticked upward slightly and has been fairly steady the prior 4 months. Prices on the rise and inventory is low in St Louis County.. As the STL Market Report for St Louis County below the chart shows, there is just a 2.45 month supply of homes for sale in St Louis County and the median price of homes sold Continue Reading → The median price of homes sold in St Charles County during the past 12-months was $243,900, an increase of 6.09% from the prior 12-month period when the median price was $229,900. As the STL Market Report (an exclusive report available only from MORE, REALTORS®) shows, home sales declined over 5 percent during the same period and the inventory remains low with a listing supply of just 2.37 months. As the STL Market Chart at the bottom illustrates (also exclusively available only from MORE, REALTORS®), home prices in St Charles County have had the normal, seasonal, fluctuations but have been steadily Continue Reading → There were 3,379 homes sold in Jefferson County in the 12-month period ending September 30, 2019, a very slight decline of about 1% from a year ago when there were 3,413 homes sold in the prior 12-months. For the past three months, the 12-month home sales trend in Jefferson County has been amazingly consistent, with data for July and September being identical and August being off by just 1 home sale. Prices on the rise and inventory is low in Jefferson County.. As the STL Market Report for Jefferson County below the chart shows, there is just a 2.75 month Continue Reading → The median price of homes sold in the St Louis 5-County Core Market during the past 12-months was $205,000, an increase of 5.13% from the prior 12-month period when the median price was $195,000. As the STL Market Report (an exclusive report available only from MORE, REALTORS®) shows, home sales declined nearly 3 percent during the same period and the inventory remains low with a listing supply of just 2.53 months. As the STL Market Chart at the bottom illustrates (also exclusively available only from MORE, REALTORS®), home prices in the St Louis 5-County Core Market have had the normal, Continue Reading → There were 5,755 homes sold in St Charles County in the 12-month period ending September 30, 2019, a decline of 5.2% from a year ago when there were 6,070 homes sold in the prior 12-months. This is the lowest 12-month trend since February 2016 when there were 5,676 homes sold in the prior 12-months. As the chart below illustrates, even with the declining trend in home sales in St Charles County, it is still significantly higher than back in 2014 and 2015. Lack of listings in St Charles could be part of the problem… As the STL Market Report for Continue Reading → New home construction in St. Louis continued its decline, although at a lower rate, with 4,286 new home permits issued for the 12-month period ended September 30, 2019, a decline of 8.05% from a year ago when there were 4,661 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri. This is an improvement from the 12-month period ended August 31, 2019, when the decline was nearly 10% from the year before (9.74%). As the table below shows, 4 of the 7 counties covered in the report saw a decline in new Continue Reading → The St Louis real estate market is slowing down somewhat as it does every year around this time, but the market still looks good. Low-interest rates continue to offset some of the cost of the increases in home prices that have occurred. Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update video. [xyz-ips snippet=”Market-Update-Video–Inline-Link”] [xyz-ips snippet=”Market-Update-Video-Package”] [xyz-ips snippet=”Seller-Resources—Listing-Targeted”] The St Louis foreclosure rate during the 3rd quarter of this year was 1 in every 766 housing units, a decline of nearly 1% from the prior quarter and a decline of over 27% from a year ago, according to data just released from ATTOM Data Solutions. As the table below shows, 6 of the counties in the St Louis MSA saw an increase in the foreclosure rate during the 3rd quarter from the prior quarter and only two counties saw an increase from a year ago. [xyz-ips snippet=”Foreclosures-For-Sale-and-Homes-For-Sale”] St Louis MSA Foreclosures – 3rd Quarter 2019 St Louis is the top marketing for flipping homes, according to an article published yesterday on Realtor.com. It’s not all just flipping activity however in the article a very notable and credible St Louis industry source (unabashed self-promotion) stated that “flipping is more common in homes in the $175,000-plus range, while many of those listed for $125,000 and less are being turned into rentals, says Norman.” The Realtor.com article gave an overview of the market data I produced for them so I wanted to share the market data behind the overview. St Louis Neighborhoods With Large Investor Presence: 63137 Zip Continue Reading → |
   |
||
|
St Louis Real Estate Search® St Louis Home Values St. Louis Real Estate News Contact Us Copyright © 2026 Missouri Online Real Estate, Inc. - All Rights Reserved St Louis Real Estate News is a Trademark of Missouri Online Real Estate, Inc. Missouri Online Real Estate, Inc. 3636 South Geyer Road - Suite 100, St Louis, MO 63127 314-414-6000 - Licensed Real Estate Broker in Missouri The owner and authors this site are providing the information on this web site for general informational purposes only and make no representations, warranties (expressed or implied) or guarantees of any kind whatsoever, as to the accuracy or completeness of any information on this site or of any information found by following any link on this site. Furthermore, the owner and authors of this site will not be liable in any manner whatsoever for any errors or omissions in information on this site, nor for the availability of this information. Additionally the owner and authors of this site will not be liable for for any losses, injuries or damages in any way from the display or use of this information or as the result of following external links displayed on this site, or by responding to advertisements displayed, or contained, on this site
In using this site, users acknowledge and agree that the information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. |
|||