By Dennis Norman, on December 18th, 2024 
A recent LendingTree survey sheds light on Americans’ sentiment toward the housing market, with 38% of respondents believing the market is at risk of crashing in the next year. This concern cuts across various demographics, reflecting broader economic uncertainty.
The survey, conducted in October 2024, highlights generational and financial divides in perceptions. Younger generations and households with lower incomes are more likely to fear a downturn, while higher-income earners and older respondents appear less concerned. With headlines still buzzing about affordability challenges and mortgage rates, these results suggest lingering worries about market stability.
As always, whether the market soars or Continue Reading →
By Dennis Norman, on November 23rd, 2022 Is the St Louis real estate market going to crash? The national news is filled lately with reports of slowing housing markets throughout the country, increasing inventories, falling sales and prices. Some prognosticators are predicting some metro areas will see home prices fall by as much as 40 or 50 percent. Is the St Louis real estate market on a similar trajectory?? While I can’t predict the future, I can share data to help you see where the St Louis real estate market is currently as well as where the data shows it’s headed.
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By Dennis Norman, on November 11th, 2022 Below is our St Louis Real Estate Market Report for October 2022 for the City and County of St Louis combined. You can access the full infographic, containing data for St Charles, Jefferson and Franklin Counties as well by clicking on the image below.
Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES St Louis Real Estate Report for October 2022
(click on infographic for complete report including other counties)
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By Dennis Norman, on April 29th, 2022 Last week there were 551 new contracts written for the sale of listings in the St Louis 5-county core market down over thirty-six percent (31.3%) from the week before when there were 802 new contracts written, according to the STL Real Estate Trends Report, exclusively available from MORE, REALTORS®. The new sales activity last week was down even more (nearly 36%) from the same week a year ago when there were 851 new contracts written on listings. There is no doubt this is the result of mortgage interest rates which have nearly doubled in the last 15 months.
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By Dennis Norman, on April 19th, 2022 Even with the high rate of inflation, rising interest rates and general unrest in the economy, during the past two weeks there were more new contracts written on listings than there were new listings. According to the STL Real Estate Trends Report, exclusively available from MORE, REALTORS®, during the last two weeks there were 1,496 new contracts accepted on listings in the St Louis 5-County core market while there were 1,432 new listings during the same period. While there were only 4.5% more sales than listings, given the fact we are already in a low-inventory market, this is fairly significant. Continue Reading →
By Dennis Norman, on October 13th, 2021 The St Louis housing market appears to be cooling off slightly with fewer home sales last month than a year ago in 3 of the 5 St Louis area counties that make up the St Louis 5-county core real estate market. As the charts below illustrate, the decline in the overall St Louis market was very slight, with 3,164 homes sold last month just 11 sales fewer than September last year when there were 3,715 homes sold in the St Louis5-county core market. The charts have complete details but below is a recap of home sales and prices Continue Reading →
By Dennis Norman, on May 12th, 2021 In spite of the challenge of a low-inventory housing market, St Louis City and County, St Charles County and Franklin County all saw double-digit increases in the number of homes sold in April while Jefferson County saw a double digit decline. As the charts below illustrate, the median price of homes sold in those counties increased from a year ago in all the counties, two of them in the double digits.
Not all housing data is the same….nor accurate for that matter…
One thing worth noting is that there are housing market reports out there from many different Continue Reading →
By Dennis Norman, on February 21st, 2021 The St Louis real estate market has started off 2021 strong, but is a change coming? Closings of home sales in January were strong with more sales closing than in January of last year, but with everything going and the uncertainty of the economy will it continue? I address both the current state of the St Louis real estate market, as well as discuss our “leading indicator” data which gives us a glimpse of where the market is headed in the St Louis Real Estate Market Update video you can access below. [xyz-ips snippet=”Market-Update-Video-Package”] [xyz-ips snippet=”Seller-Resources—Listing-Targeted”] Continue Reading →
By Dennis Norman, on February 18th, 2021 The St Louis real estate market has slowed a little in February thus far. As the Local Market Trends reports (availably exclusively from MORE, REALTORS® ) show, new contracts written on listings as well as new listings in St Louis 5-County Core market, were down in each of the first two weeks of February both from the prior week as well as from the same period a year ago.
New contracts written (new sales):
As the reports below show, there were 590 new contracts written (new sales) on homes during the 2nd week of February which was 13% fewer contracts Continue Reading →
By Dennis Norman, on January 29th, 2021 The residential real estate market in counties in the Missouri portion of the St Louis metropolitan area appear to be outperforming the St Louis MSA counties in Illinois, according to the latest New Contracts Report below, exclusively from MORE, REALTORS®. As the report shows, for the most recent week reported, new contracts written on residential listings were up 14% for the St Louis MSA as a whole from the same week a year ago, but most of the increase in sales was in the Missouri portion of the MSA. Overall, in the St Louis MSA, there were 105 more new Continue Reading →
By Dennis Norman, on January 13th, 2021 During the final days of December and the first couple of January, there were 393 new contracts written on homes that were for sale, an increase of 20% over the same period a year ago. As the New Contracts Report below shows (availablle exclusively from MORE, REALTORS®) all 5 counties in the 5-County Core St Louis market saw an increase in new contracts written over the same period a year ago. Franklin County saw the largest increase at 50%.
New Contracts On Homes For Sale
(click on report for live report)
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By Dennis Norman, on November 29th, 2020 I think just about everyone that is trying to buy or sell a home in St Louis or even thinking about it, is well aware that we have been in a strong real estate market here in St Louis for some time now. The St Louis real estate market has favored sellers for the past several years largely due to a low supply of homes for sale and continuing demand by home buyers. The question I’m often asked though, especially right now with so much going on in our country right now that could impact the economy (COVID-19 and the Continue Reading →
By Dennis Norman, on May 14th, 2020 The St Louis real estate market continues to be on the upswing and recovering from the impact of COVID-19. The pandemic did slow the St Louis real estate market down for a while but it appears to be recovering quite quickly. Get all of this and more in this month’s update. Interest rates, the “cherry on top”. In case the market rebound isn’t enough, mortgage interest rates are at near historic lows making now a great time, and an affordable time, to buy a house if you are in a position to do so. [xyz-ips snippet=”Market-Update-Video-Package”] [xyz-ips snippet=”Seller-Resources—Listing-Targeted”] Continue Reading →
By Dennis Norman, on April 10th, 2020 The St Louis real estate market is off to a good start for 2020 however, it is getting impacted by COVID-19. This month’s market update video includes market data through the end of March but, even though about 2/3 of March was after COVID-19 began disrupting things here, the effects really cannot be seen yet. A couple of weeks ago I did a Special Report video that was specifically about the impact of coronavirus on the St Louis real estate market, but it won’t be until our May market report that we really see the full impact of it on Continue Reading →
By Dennis Norman, on March 14th, 2020 The St Louis real estate market is off to a great start for 2020! Home sales year to date has outpaced sales from the same time a year ago and everything points to 2020 being a good year for real estate! The $64 question is, however, what effect the Coronavirus may have on the market. Only time will tell, but my thoughts are that while there will no doubt be some negative impact on the St Louis housing market as a result of Coronavirus (COVID-19) its impact will be much less than what we have seen of late in the Continue Reading →
By Dennis Norman, on February 14th, 2020 As you may have noticed, I’ve been pretty optimistic about the outlook for the real estate market this year however, that is not always the case as I call it like I see it. The reason for my optimism is based upon what a true data geek like myself would base it upon, data! So, what’s the data that has me believing 2020 will be a good year for the housing market in St Louis and beyond? Several things:
As I have been reporting here for the past couple of years now, mortgage delinquency and foreclosure rates have continued to Continue Reading →
By Dennis Norman, on February 12th, 2020 The St Louis real estate market is off to a good start for 2020! The home sales trends going into this year are encouraging and, coupled with the strong economy we are in, has me very confident that 2020 is going to be a great year for the St Louis real estate market! MORE buying power! In addition, long term mortgage interest rates just dropped again giving buyers more buying power! See the example in my video of just how much less a home will cost you today payment-wise than 14 months ago, even after appreciation has pushed prices up. Continue Reading →
By Dennis Norman, on January 17th, 2020 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 Continue Reading →
By Dennis Norman, on December 26th, 2019 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.
Search St Louis Homes For Continue Reading →
By Dennis Norman, on December 9th, 2019 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 →
By Dennis Norman, on November 14th, 2019 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
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By Dennis Norman, on November 11th, 2019 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.
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By Dennis Norman, on October 19th, 2019 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.
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By Dennis Norman, on August 23rd, 2019 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 Continue Reading →
By Dennis Norman, on July 13th, 2019 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 Continue Reading →
By Dennis Norman, on June 15th, 2019 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 Continue Reading →
By Dennis Norman, on May 16th, 2019 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.
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By Dennis Norman, on April 12th, 2019 Home sales in St Louis are on a slower pace than this time last year. The St Louis real estate market is still performing well, but just not at the same sales rate as last year thus far. 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.
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By Dennis Norman, on March 14th, 2019 The St Louis real estate market is still doing well however, home sales are off to a slower start this year than last year. 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.
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By Dennis Norman, on February 15th, 2019 The St Louis real estate market is off to a little slower start this year and there are some indicators that we may be in for a little price correction in some areas. 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.
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