The St Louis housing market has been low on inventory of homes for sale in many areas and many price ranges for the past couple of years. Even as the summer market is down to the last few weeks, we still find the market short on listings in many markets. With the inventory of homes for sale low, the market definitely favors sellers.
Our firm publishes a list showing the current inventory of homes for sale (in terms of months supply based upon the most recent sales trend) and below I show the top 10 St Louis area zip codes in terms of low inventory. As the table below shows, the Maryland Heights area (63043 zip) has the lowest inventory with what equates to about a 2 week supply of homes for sale and number 10 on the list, the 63101 zip in the city of St Charles, has just a 1-month supply.
Historically, a 6-month supply of homes for sale has been considered by many in the industry to be a balanced market not favoring buyers or sellers. Of the 96 zip codes contained in the St Louis 5-County Core market, the list below represents, only 13 of the zip codes (13.5%) have a listing supply of 6 months or more.
[xyz-ips snippet=”Seller-Resources—Listing-Targeted”]
St Louis 5-County Core Market Months Supply Of Active Listings By Zip
(click on table for live data and complete list)
[xyz-ips snippet=”All-Solds—Even-Jefferson-and-Franklin”]
