St Louis Real Estate Market Update VIDEO – January 2020 – The market finished 2019 strong!

The St Louis real estate market had a strong finish in 2019! One of the many great things for the St Louis housing market about a strong finish in 2019 is that 2020 begins strongly as well!  January will be a key month in terms of whether the trend will continue or whether December’s uptick was an isolated event. Another encouraging thing about the real estate market is that long term mortgage interest rates remain low!  See in the video just how powerful this is!  How a house today will actually cost you less than a little over a year ago, even after factoring in home price appreciation! 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.

In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!  

Thinking of selling and want to know if your neighborhood is a seller's market? Contact us and we'll  answer that question for you.
You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on "Subscribe Free".) St Louis Real Estate Market Update Video - St Louis Home Prices

Sell Your Home For The Highest Price In The Least Amount of Time!  See how- STLSellersAdvantage.com 
Save Commission On Your Home Sale Without Sacrificing Service! See how- FairCommissionRates.com

St Louis Area Home Sales For 2019 Fall A Little Short of 2018

There were 27,076 homes sold in the St Louis 5-County Core market during 2019, a decline of 1.18% from 2018 when there were 27,399 homes sold.  As the STL Market Report below shows (available exclusively through MORE, REALTORS), the median price of homes sold during 2019 was $208,000, an increase of 5.85% from the year before.

Going into 2020, the inventory of homes for sale remains low and favors sellers.  Currently, the supply of homes for sale is just over 2 months.

STL Market Report For The St Louis 5-County Core Market

STL Market Report For The St Louis 5-County Core Market

Top Ten Zip Codes Where Homes Sold The Fastest In St Louis During Past 30-Days

Homes in the Lincoln County zip code of 63362 sold the fastest in the past 30-days with an average time to sell of just 40 days, according to the latest data available from MORE, REALTORS®.

As the list below shows, 4 of the remaining 10 fastest-sold zips in the St Louis MSA were in St Charles County, 3 in St Louis County, 1 in Franklin County and 1 in St Clair County, IL.


Fastest SOLD Zip Codes In The St Louis MSA In Past 30 Days

(Click List Below For Current, Complete List)
Fastest SOLD Zip Codes In The St Louis MSA In Past 30 Days

Home Sales Trend In St Louis 5-County Core Market Falls To Lowest Level In Over 3 Years

After peaking in May 2018 with 27,829 homes sold in the prior 12-months, the St Louis home sales trend has trended downward to 26,830 homes sold in the 12-month period ended November 30, 2019.  This marks the lowest home sales trend for the St Louis 5-County core market in over three years.

In spite of this statistical fact, it should be noted that the difference in home sales for the 12-month period ended November 30, 2019, from the same period a year ago, is just under 3%, so it is a pretty modest decline.

St Louis 5-County Core Market Home Sales Trend – Past 5 Years

(Click on chart for live, interactive chart)

St Louis 5-County Core Market Home Sales Trend - Past 5 Years

Should You Keep Your Home On The Market Over Christmas?

Most home buyers and sellers understand the seasonality of the residential real estate market with spring being the “hot” market and winter being a slow one.  This often leads to many sellers with homes that have not sold, opting to take them off the market until after the holidays with the plan to come back when the market gets better.  Is this a good plan though?  As a seller are you missing out on selling your home by taking your home off the market at a time when there is so little competition and at a time that the buyers that are out looking are usually very serious?

Well, first and foremost, if, as a seller, you are taking a break from dealing with keeping your home show-ready, making it available for showings, etc so that you can enjoy time with your family and friends then by all means that is a great plan.  However, if you are taking a listing hiatus because of “the market” or “the time of year”, you may want to rethink it.

715 homes and condos went under contract within a week of Christmas last year…

As the table below shows, there were 715 homes that went under contract within a week of Christmas last year (either in the week proceeding or week after).  So, during what many consider a “dead” time for real estate, quite a few homes sold.  During 2018, there were a total of 31,121 homes and condos sold in the St Louis 5-County Core market so, if we were to simply determine on average how many homes sold in a two-week period we would come up with 1,196.  At 715 sales for this two-week Christmas period, that is just about 60% of an average two-week period, but it’s still rather significant.

Homes and Condos That Went Under Contract Within 1 Week Of Christmas 2018 In The St Louis 5-County Core

Homes and Condos That Went Under Contract Within 1 Week Of Christmas 2018 In 5-County Core

 

St Charles County Home Sales Trend On The Rise After Hitting Bottom in September

The home sales trend in St Charles County peaked in April 2017 with 6,118 homes sold in the 12-month period ended April 30, 2017.  Since then, the home sales trend fell to closer to the 6,000 home mark until hitting a near peak again in August 2018 with 6,111 homes sold in the 12 month period ending that month.  After that, the home sales trend in St Charles County has fairly consistently trended downward until hitting bottom in September with 5,759 homes sold in the 12-month period ended September 30, 2019, nearly a 6% fall in home sales from the recent peak. This marked the lowest home sales trend for St Charles County since April 2016.

The St Charles County home sales trend has reversed course…

The good news is, for the past two months, home sales in St Charles County, as the chart below illustrates,  have trended upward hitting 5,809 homes sold in the 12-month period ended November 30, 2019,  a 1.2% increase in the trend from August 2019.

St Charles County Home Sales Trend – Past 3 Years

(Click on chart for live, interactive chart)
St Charles County Home Sales Trend - Past 3 Years

St Louis Real Estate Market Update VIDEO – December 2019 – No Better Time To Buy!

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 video.

In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!  

Thinking of selling and want to know if your neighborhood is a seller's market? Contact us and we'll  answer that question for you.
You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on "Subscribe Free".) St Louis Real Estate Market Update Video - St Louis Home Prices

Sell Your Home For The Highest Price In The Least Amount of Time!  See how- STLSellersAdvantage.com 
Save Commission On Your Home Sale Without Sacrificing Service! See how- FairCommissionRates.com

Cyber Monday Real Estate Deals?

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 real estate occur from now until the end of the year.

As the STL Market Chart (exclusively provided by MORE, REALTORS) below illustrates, in the St Louis 5-County Core market home prices (the red line) peaked in July and, with the exception of a little uptick in August, have trended downward since reaching the lowest point since April of this year.  St Louis home sales (the pink line) have shown pretty much the same result, hitting the lowest level in November since February.

It shouldn’t be a surprise…

What is happening in the St Louis real estate market presently does not come as a surprise because home sales are very seasonal and, the seasonal fluctuation we are seeing now, happens every year.  This is why I chose a 25-month chart below, so you can see the last year was pretty much the same pattern.  also, I wanted to show that prices continued to fall last year until hitting bottom in February of this year and I would expect a similar pattern this year.  That does not mean however that you want to wait until February to buy as the prices shown are based upon closed deals.  The typical real estate transaction takes 4-6 weeks to close, so those “February” home prices were from sales transactions that originated in December and January for the most part.  Therefore, from now until the end of the year the best time to buy a home in St Louis from a value standpoint!

“Cyber Monday” St Louis Home Prices

(click on chart for live, interactive chart)

Cyber Monday St Louis Home Prices

 

Black Friday Shopping? Buy a house and save a bunch of money!

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% more homes sold during the 4th quarter than during the 1st quarter.

Now is the BEST time to buy in St Louis!

As the chart at the bottom shows, home prices in St Louis have hit their lowest point during January in 2 of the prior 3 years and in February on the third one.  These prices are reported as of the closing of the sale, so if prices are typically the lowest on homes that closed in January, given that the typical sale takes 4-6 weeks to close, that makes from now until the end of the year the best time to buy a home in St Louis from a value standpoint!

Best Time Of Year To Buy A Home

Best Time Of Year To Buy A Home

Source: ATOM Data Solutions

St Louis 5-County Home Prices and Sales – Past 36 Months

St Louis 5-County Home Prices and Sales - Past 36 Months
Source: STL Market Charts – MORE, REALTORS

Percentage of Homeowners that Sold FSBO In Past Year Near Record Low

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 well as the process they went through, the homes they bought or sold as well as about their agent if they used one.

Sellers’ appetite for selling their own homes remains at a near-record low…

As the chart below, which covers the time period from 2001 to 2019, illustrates, the percentage of homes sold using a real estate agent or broker (the blue bars) has increased from 79% in 2001 to 89% in this year’s survey.  Meanwhile, the percentage of sellers that sold their own homes “For Sale By Owner” (FSBO) declined from 13% in 2001 to 8% in this year’s survey.

Why the decline in FSBO’s?

St Louis Area Buyer’s Markets – Town and Country Near Top Of List

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 markets, 12 in total to be exact.  A healthy inventory, one that is considered “balanced” and not favoring buyers or sellers, is generally 5 or 6 months, so to make this list of buyers markets there must be greater than a 6-month supply of home currently for sale.  At the top of the list is Pine Lawn a small municipality in northern St Louis county, followed by Swansea IL and then Town and Country.  Town and Country with 4 homes sold in the past month and 54 active listings currently has a 13.5 month supply of homes for sale.

St Louis Home Sales Trending Upward Slightly

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.

St Louis 5-County Core Market Home Sales Trend – Past 5 Years

St Louis 5-County Core Market Home Sales Trend - Past 5 Years

St Louis Real Estate Market Update VIDEO – November 2019 – Low-Interest Rates And Consistent Sales Trends

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.

In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!  

Thinking of selling and want to know if your neighborhood is a seller's market? Contact us and we'll  answer that question for you.
You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on "Subscribe Free".) St Louis Real Estate Market Update Video - St Louis Home Prices

Sell Your Home For The Highest Price In The Least Amount of Time!  See how- STLSellersAdvantage.com 
Save Commission On Your Home Sale Without Sacrificing Service! See how- FairCommissionRates.com

Top Ten Cities In St Louis MSA Where Homes Sold The Fastest

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.


Fastest SOLD Cities In The St Louis MSA In Past 30 Days

(Click List Below For Current, Complete List)Fastest SOLD Cities In The St Louis MSA In Past 30 Days

St Louis County Home Sales Trend Down From A Year Ago But Remains Steady

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 has increased 6.09% from a year ago.


St Louis Real Estate Market Update VIDEO – October 2019 – Interest Rates Offsetting Price Increases

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.

In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!  

Thinking of selling and want to know if your neighborhood is a seller's market? Contact us and we'll  answer that question for you.
You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on "Subscribe Free".) St Louis Real Estate Market Update Video - St Louis Home Prices

Sell Your Home For The Highest Price In The Least Amount of Time!  See how- STLSellersAdvantage.com 
Save Commission On Your Home Sale Without Sacrificing Service! See how- FairCommissionRates.com

St Louis Is Number One Market For Flipping Homes

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 Code Area (Bellefontaine Neighbors/Glasgow Village) – 43.5% of housing units are investor-owned
  • 63135 Zip Code Area (Ferguson) – 39.2% of housing units are investor-owned
  • 63033 Zip Code Area (Florissant Area) – 21.8% of housing units are investor-owned

Home Prices In St Louis’ Active Investor Markets:

St Louis Home Sales Continue Downward Trend

Home sales in the St Louis 5-County Core Market for the 12-month period ended September 30th, 2019 were down just over 3% from the same period a year ago.   During the same period, home prices in the St Louis 5-County Core market increased a little over 5% as the report below from MORE, REALTORS shows.

Inventory of homes for sale still favors sellers…

As the report shows, there is just a 2.44 month supply of homes for sale in the St Louis core market which means the St Louis market is still very much a seller’s market.

St Louis Home Sales Trend In September Down 3 Percent From Year Ago

For the 12-month period ended September 30, 2019, there were  26,775 homes sold in the St Louis 5-County core market, down 3.2% from the same period a year ago, according to the latest data from MORE, REALTORS.  As the chart below illustrates, home sales in St Louis have, for the most part, been trending downward since peaking in May 2018 with 27,830 homes sold in the 12-month period ending that month.

St Louis Home Sales Trend – Past 5 Years

(click chart for live chart)

St Louis Home Sales Trend - 5 Year Chart

What Impact Does The School District Have On Home Prices and Sales?

The question in my headline is one of those questions that in the real estate community, and with most homeowners, would elicit a response something like “the quality of the school district has a major impact on the housing market, duh!”.  While I don’t think anyone would argue that having quality public education available to everyone in all areas is important, I’m just talking data here and looking at it from the real estate perspective.  So, with that in mind, I decided to use one of the reports produced by proprietary software created by MORE, REALTORS® and based upon MLS home sales and price data, to compare home prices and sales in two of the best St Louis area public school districts to two of the worst (at least according to many lists of best and worst schools out there) to see how they compare.

For two of the best districts, I chose Clayton and Kirkwood and for two fo the worst, I chose Riverview Gardens and the City of St Louis.  The results were interesting and, somewhat surprising perhaps.  The reports below have all the data, but here is a summary of the comparison:

  • Home sales for the most recent 12-month period vs the prior 12-month period were up slightly (0.20%) in Riverview/St Louis districts and were down 15.66% for Clayton/Kirkwood.
  • Home prices for the same period increased by 5.36% in Riverview/St Louis and by 2.41% for Clayton/Kirkwood
  • Listing inventory for Riverview/St Louis districts is at 2.31 months and for Clayton/Kirkwood is at 2.49 months.

By the way, if you would like to see reports like this for any St Louis area school district, county, zip or city, contact me and I’ll be happy to send it to you.

Ten Fastest SOLD Cities In The St Louis MSA

Homes in Crestwood 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 Crestwood were on the market an average of just 21 days.

As the list below shows, 7 of the 10 fastest-sold cities in the St Louis MSA were in St Louis County, 2 in St Charles County and 1 in Jefferson County.


Fastest SOLD Cities In The St Louis MSA In Past 30 Days

(Click List Below For Current, Complete List)
Fastest SOLD Cities In The St Louis MSA In Past 30 Days

St Louis Home Sales Trend Falls In August

For the 5-county core St Louis housing market, there were 26.047 homes sold during the 12-month period ended August 31, 2019, a decline of 3% from the 12-month trend for the prior month. As the chart (a proprietary product developed by MORE, REALTORS to help keep its agents and clients on top of market conditions) below shows, there were 27,753 homes sold during the 12-month period ended August 31st of 2018, so the current period sales of 26,047 homes represents a 6.1% decrease from the same period a year ago.

St Louis 5-County Core Market – Home Sales Trend – Past 5 Years

(click on chart for live chart)

St Louis 5-County Core Market - Home Sales Trend - Past 5 Years©2019 MORE, REALTORS – all rights reserved

St Louis Real Estate Market Update VIDEO – August 2019 – Dirt Cheap Interest Rates

The St Louis real estate market is still going strong and interest rates are dirt cheap! Not much has changed over the past few months in the St Louis housing market in terms of home prices and sales, prices continue to rise at normal, healthy rates and sales continue along at a rate a little shy of last year.  What has changed dramaticaly  over the past 9 or 10 months however, are interest rates.  The have dropped by a third and in this months market update video I do a little math and show just how much that impacts home buyers in a  positive way! 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.

In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!  

Thinking of selling and want to know if your neighborhood is a seller's market? Contact us and we'll  answer that question for you.
You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on "Subscribe Free".) St Louis Real Estate Market Update Video - St Louis Home Prices

Sell Your Home For The Highest Price In The Least Amount of Time!  See how- STLSellersAdvantage.com 
Save Commission On Your Home Sale Without Sacrificing Service! See how- FairCommissionRates.com

St Louis Real Estate Market Update VIDEO – July 2019 – Still going strong!

The St Louis real estate market continues to show strength and favors sellers, however, buyers have shown they are price-sensitive. While most of the St Louis market remains a seller’s market based upon the lack of inventory for sale, this does not mean (and the data backs it up) that it’s a blank check for sellers.  Buyers in the market appear to be savvy and are price sensitive.  In fact, one frustration I hear from agents with over-priced listings is that, not only do they only have few showings, they are not receiving offers.  I think the issue is buyers don’t want to tie themselves up negotiating with a seller that, from the outset, seems unreasonable for fear that while tied up with them a real opportunity will come along and they will miss out. Therefore, for sellers to take full advantage of this seller’s market, they need to price their home appropriately from the start. 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.In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!  

Thinking of selling and want to know if your neighborhood is a seller's market? Contact us and we'll  answer that question for you.
You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on "Subscribe Free".) St Louis Real Estate Market Update Video - St Louis Home Prices

Sell Your Home For The Highest Price In The Least Amount of Time!  See how- STLSellersAdvantage.com 
Save Commission On Your Home Sale Without Sacrificing Service! See how- FairCommissionRates.com

The St Louis real estate market continues to show strength and favors sellers, however, buyers have shown they are price-sensitive. While most of the St Louis market remains a seller’s market based upon the lack of inventory for sale, this does not mean (and the data backs it up) that it’s a blank check for sellers.  Buyers in the market appear to be savvy and are price sensitive.  In fact, one frustration I hear from agents with over-priced listings is that, not only do they only have few showings, they are not receiving offers.  I think the issue is buyers don’t want to tie themselves up negotiating with a seller that, from the outset, seems unreasonable for fear that while tied up with them a real opportunity will come along and they will miss out. Therefore, for sellers to take full advantage of this seller’s market, they need to price their home appropriately from the start. 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.In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!  
Thinking of selling and want to know if your neighborhood is a seller's market? Contact us and we'll  answer that question for you.
You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on "Subscribe Free".) St Louis Real Estate Market Update Video - St Louis Home Prices

Sell Your Home For The Highest Price In The Least Amount of Time!  See how- STLSellersAdvantage.com 
Save Commission On Your Home Sale Without Sacrificing Service! See how- FairCommissionRates.com

St Louis New Home Construction Slips Again In May

For the 12-month period ended May 31, 2019, there were building permits issued for 300 new homes in Jefferson County, a decline of nearly 26% from the prior 12-month period according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri.  For the same period, there were permits issued for 758 new homes in St Louis County, a decline of 23.50% from the prior 12-month period.

Warren County saw a double-digit percentage increase in building permits again this period, and the City of St Louis again had an increase.

  

St Louis New Home Building Permits – May 2019

St Louis New Home Building Permits - May 2019

Frontenac Is The Slowest Selling City In The St Louis MSA

The city of Frontenac, Missouri is the slowest selling city in the St Louis MSA based upon the average time it took for homes to sell that closed in the past 30 days.  As our table below shows, three of the top 10 slowest selling cities are located in St Louis County and all three are affluent areas with higher than average home prices.

St Louis MSA’s Slowest SOLD Cities

(click on table for complete, live data)St Louis MSA's Slowest SOLD Cities

Maryland Heights and Maplewood Are Fastest Selling Cities in St Louis

The cities of Maryland Heights and Maplewood are currently tied for first place on the list of fasting selling cities in St Louis.  As our table below shows, homes that sold in the past 30 days took an average of 15 days to sell in Maryland Heights and Maplewood. Seven of the 10 fastest selling cities are located in St Louis County, two in St Charles County and one in Warren County.

St Louis MSA’s Fastest SOLD Cities

(click on table for complete, live data)St Louis MSA's Fastest SOLD Cities

St Louis Home Sales Continue Downward Trend – YTD Home Sales Lowest In 4 Years

Year to date, through the end of May, there were 9,929 homes sold in the St Louis 5-County Core market, a decline of 5.2% from this time last year when 10,477 homes had sold.  This marks the lowest YTD home sales through May since May 2015, when there were 9,262 homes sold.  As the second chart below illustrates, the St Louis home sales trend (trailing 12 months and represented by the dark green line) peaked in October 2018 with 26,032 homes sold in the prior 12 months but then stalled and has begun a slight downward trend which continues with 25,433 homes sold in the 12 month period ending in May 2019.

Meanwhile, St Louis home prices continue to rise with the median price of homes sold in the past 12 months in the 5-County Core market increasing 5.21% from the prior 12-month period.  As the table below the charts shows, the median price of homes sold in the St Louis 5-County Core market during the most recent 12-month period was $199,900, an increase from $190,000 during the prior 12-month period.

The inventory of homes for sale has declined even further from last month, with just s 1.81 month supply of homes for sale in the St Louis 5-County Core Market.  The low inventory is the key reason behind the lower home sales as there just aren’t enough homes for sale to satisfy the current home buyer demand.

Would-be home sellers are afraid to list their homes…

The low supply of homes for sale, coupled with the high demand, has many homeowners reluctant to list their homes for sale for fear they will sell but won’t be able to find a home to buy.  This is why we developed our “Guaranteed No Sale” program, something that protects sellers from becoming “homeless”.  It allows a seller to list their home with the confidence they won’t be obligated to sell if they are not successful in finding a home to buy.  You can find out more at GuaranteedNoSale.com.

St Louis Year To Date Home Sales Off To Slowest Start In 4 Years

Home sales in St Louis through the end of April this year, are lower than they have been at the same time of year since 2015.  As our exclusive year-to-date sales chart for the St Louis 5-County Core Market below shows, there have been 7,101 homes sold YTD this year (through 4/30) which is down 5.7% from the same time last year when there were 7,529 homes sold. The last time year-to-date home sales were lower at this time of year than now was back in 2015 when there were just 6,727 homes sold.

St Louis Real Estate Market Update VIDEO – May 2019 – Still A Sellers Market!

The number of home sales in St Louis may be down from the recent past but it’s still a Seller’s market!   The lack of home sales in St Louis is certainly not a result of a lack of interest, on the part of home buyers, but more a lack of sellers.  This is clear in the data I presented in this months market update video. 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.In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!  
Thinking of selling and want to know if your neighborhood is a seller's market? Contact us and we'll  answer that question for you.
You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on "Subscribe Free".) St Louis Real Estate Market Update Video - St Louis Home Prices

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