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.

Top 15 Buyers Markets In St Louis

In spite of the fact that the St Louis housing market is improving, there are still St Louis neighborhoods that favor buyers or are buyers markets.  The 15 top buyers markets in St. Louis can be found in a variety of neighborhoods throughout the area including within the city of St Louis as well as in the counties of St Louis, St Charles, Jefferson and Franklin.  As the table below shows, the hottest buyers market in St Louis as of today is Gray Summit with a Market Action Index of 20, according to the latest data available from MORE, REALTORS.  The list below is based upon MORE’S Market Action IndexTM which, among other things, looks at supply, demand and inventory for an area and then applies an index value to it based upon 30 begin a balanced market not favoring buyers or sellers.  The farther the index goes below a “30” (down to a low of 0) the colder the market is and the more it favors buyers .

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