Bidding wars for homes in St Louis cooled in July as the number of home sales where the final sales price exceeded the list price at the time of sale was 14.7 percent of all home sales in the St Louis 5-county core area (City of St Louis and Counties of St Louis, St Charles, Jefferson and Franklin), according to the latest data from MORE, REALTORS. This is down 8.7 percent from June, when 16.1 percent of the homes sold in St Louis were sold at a price in excess of the list price. Nationally, in July almost half (46.8 percent) of the homes sold were for a price exceeding the list price, according to information from Redfin.
The average amount that was paid on these “overbids” in July was 6.7 percent of the list price on the home, down almost 7 percent from June when the average amount paid on the overbids was 7.2 percent above the list price.
Leave a Reply
You must be logged in to post a comment.