How To Get The Highest Price For Your Home

When the time comes for you to sell your home, would you like to sell your home for the highest price?  I can’t imagine any homeowner not answering “yes” to that question.  So, now that we know what all seller’s want; all we need to do now is determine the best way to go about reaching that goal.

Asking a higher price often doesn’t bring you the highest price..

Simple logic may tell us that, if we want to sell a home for the highest price possible, to make sure we ask a high price for it.  However, as the data below will illustrate, this that normally the case.  In fact, if a home is listed for a higher price than the optimum listing price it may very well result in it eventually selling for less than it would have if priced at a lower, more accurate, price to being with.

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Asking the “right” price may not work well either if the marketing or timing is wrong either…

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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 Home Sales Down Slightly, Prices Up, In Past 12 Months

For the 12-month period ended February 28, 2019, there were 37,427 homes sold in the St Louis metro area, a decline of 1.22% from the prior 12-month period when there were 37,889 homes sold, according to our STL Market Report below. During the same period, the median price of homes sold in the St Louis metro area increased by 4.11% from $172,900 to $180,000.  As the table shows, there is currently a 3.19 month supply of homes for sale in the St Louis metro area.

 

STL Market Report – St Louis MSA

STL Market Report - St Louis MSA

St Louis Cities Where Homes Sold For The Highest Price In Past Year

The list of the 10 St Louis cities where homes sold for the highest average price last year shown below reveals that the little city of Huntleigh, consisting of a land mass of just 1 square mile but home to some of the wealthiest people in St Louis, is where homes sold for the highest average price during 2018.  Granted, there were only two homes sold in Huntleigh during the past year (which were in the MLS) but with prices of $2.785 Million and $9.8 Million (for an average of $6,292,500) it catapulted Huntleigh to the top of the list of the most expensive average home sales price for St Louis.  Coming in a distant second to Huntleigh is Ladue where the average sales price was $1.104 Million.

See the most expensive homes sold in St Louis in the past year here.

St Louis Home Sales Remain Steady But Trending Downward

In the last week, I’ve seen several reports indicating declining home sales on both a nationwide basis as well as for the St Louis market.  The reports vary widely but one local report indicated single family home sales were down 6 percent from a year ago, which, of course, should cause some concern for both agents as well as consumers since a 6 percent decline is significant.  However, this is why, for this very reason, MORE, REALTORS® developed their own proprietary software to analyze and report the market data (the same MLS data as the aforementioned report was based upon) and present it in a manner that more accurately depicts the market conditions and is more applicable than many of the other reports out there.

Before I go further, I’m not picking on anyone reporting market information, as most are simply reporting the data that is available to them and doing so in a common manner which is to look at data for one specific month (in this case November) and compare it to the same month a year ago.  I’m just suggesting that due to fluctuations that can be caused by, for example, weather during the month, the number of Friday’s during the month (a popular day for closings), etc. looking at a single month doesn’t paint a true picture of the market.  It also matters what area the data is for, is it the St Louis MSA (which includes 8 counties in Illninois) or the city of St Louis, or some other combination?

As you will see from our STL Market Report™ tables I’ve prepared below, the St Louis real estate market is actually holding fairly steady in terms of sales when we look at the past 12-month period and compare it with the prior 12-month period.  In terms of home prices, St Louis home prices have increased about 4% – 5% in the St Louis area, depending on how we look at the area.

Forecast Says Eighty Two Percent Of St Louis Listings Will Sell Below List Price

A report released by Knock, a company that buys homes, forecasts that, nationally, 77% of current listings will sell below the original list price during the first quarter of 2019 and in St Louis, 82.61% of the listings will sell below list price. The report goes on to forecast that, on average, during the first quarter of 2019 homes in St Louis will sell for 5.2% less than the original list price and will take an average of 22 days to sell.

70% of St Louis Listings Sold For Less Than Original Price During Past 3 Months…

As our exclusive STL Market Chart tables below show, during the past 3 month period, 5,055 of the 7,240 (69.8%) homes that sold in the St Louis 5-County core market, sold for less than the original asking price.  Therefore, Knock’s prediction that this percentage hits 82.61% during the coming 3 months is not a stretch.  Nearly half (46%) of the 8,883 active listings on the market have already had at least one price reduction.

St Louis Home Prices And Sales Surge In May Time To Sell Drops

The St Louis real estate market continues to be a strong one and continues to favor sellers in many cases.  As the chart below illustrates, the median price per foot that homes sold for in May (green line) shot up in May to $133 from $129 the month before, a 3.1% increase from the month before and an increase of 6.4% from May 2017 when the price per foot was $125.  This increase in home prices didn’t seem to affect St Louis home sales, however, as there were 2,922 homes sold in May, an increase of 24.3% from the month before and an increase of 3.9% from May 2017 when there were 2,811 St Louis homes sold.  The time it took for a home to sell in St Louis hit a new low in May at 11 days, the lowest median time to sell that we’ve seen ever!


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St Louis 5-County Core Market – Home Prices, Sales & Days On Market – Past 2 Years

Click on chart for current, live chart

St Louis 5-County Core Market - Home Prices, Sales & Days On Market - Past 2 Years

Looking Back – 2017 Was A Good Year For Real Estate In The St Louis Area

Last year was a good year for the St Louis real estate market evidenced by increased home prices and sales in all counties in and around St Louis from the year before, with the lone exception being Franklin County which saw a decline in both home sales and prices from the year before.

As the table below illustrates, the St Louis MSA as a whole saw median home prices increase 2.99% in 2017 from the year before and home sales increase 4.14% during the same period.  Date for the other counties is shown as well by clicking on the table.

St Louis MSA Home Prices and Sales 2017

(click on table below for tables for all counties)

St Louis MSA Home Prices and Sales 2017

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Top Ten St Louis Zip Codes Where Homes Sell For Highest Price Per Foot

If you have read any of my articles here about home prices previously, you will probably know that I feel price per foot is the best way to compare home prices.  Looking at home prices in this manner makes it easier to do apples to apples comparison on home prices.    Speaking of apples, they are a good analogy.  Apples generally are sold by the pound, which makes it easier to figure out whether the 3lb bag for $5.25 or the 12 lb bag for $19.20 is a better deal.  On the surface, if we just went by the gross sales price, then one would say the $5.25 bag is a better deal since it is cheaper.  However, if we look at it on a price per pound basis, we see the smaller bag costs $1.75 per pound while the larger bag is only $1.60 per pound making the larger, higher priced, bag the better deal. Same goes for home prices.  If we just look at the gross sales price we can get the wrong picture.

With this in mind, the table below shows the top 10 St Louis zip codes where homes sold for the highest median price per foot during the past 12-months.  You probably won’t be surprised that 63105, Clayton’s zip code, is at the top of the list, although you may have guessed Ladue (63124) would be at the top.  Ladue, with a median price of $241 per foot, came in 2nd behind Claytons $274 per foot median price.   Coming in #10 on the list is 63117, Richmond Heights, at $194 per foot.

In the column, all the way to the right on the table you will see how much the price per foot homes sold for has changed in the most recent 12 month period from the prior 12-month period.  As the table shows, the Richmond Heights area saw the greatest increase at 9.9% followed by Brentwood (63144) with 5.86%.

10 St Louis Zip Codes Where Homes Sold For The Most Per Foot From 12/01/16 Through 11/30/17

(click on table for complete, live, list)

10 St Louis Zip Codes Where Homes Sold For The Most Per Foot From 12/01/16 Through 11/30/17

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St Louis Home Sales and Prices Continue On The Rise Throughout The Area

For the 12-month period ending August 31, 2017, as the table below shows, there were 36,753 homes sold in the St Louis MSA an increase in home sales of 3.68% from the prior 12-month period.  The median price of homes sold in the St Louis MSA during the past 12 months was $170,000, an increase in home prices of 2.92% from the prior 12 month period.

St Louis home sales and price summary by county (see tables below for details):

  • St Louis City and County
    • Home Sales Up 5.18%
    • Home Prices Up 3.31%
  • St Charles County
    • Home Sales Up 3.07%
    • Home Prices Up 6.77%
  • Jefferson County
    • Home Sales Up 3.56%
    • Home Prices Up 6.20%
  • Franklin County
    • Home Sales Up 9.21%
    • Home Prices Up 7.07%

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St Louis MSA Home Sales and Prices

(click on table for complete and up to date information)

St Louis MSA Home Sales and Prices

St Louis County/City Home Sales and Prices

(click on table for complete and up to date information)

St Louis County/City Home Sales and Prices

St Charles County Home Sales and Prices

(click on table for complete and up to date information)

St Charles Home Sales and Prices

 

Jefferson County Home Sales and Prices

(click on table for complete and up to date information)

Jefferson County Home Sales and Prices

Franklin County Home Sales and Prices

(click on table for complete and up to date information)

Franklin County Home Sales and Prices

St Louis Home Sales and Home Prices Are Both Up Over 5 Percent From A Year Ago

St Louis continues to enjoy a pretty robust real estate market, albeit it a challenging one for buyers due to the low inventory of homes for sale in most areas, with St Louis home sales, during the past 12 months, up over 5 percent from the prior 12-month period and St Louis home prices up over 5 percent for the same period as well.   As the table below shows, in the 5-county core St Louis market, there were 27,437 homes sold in the 12-month period ending May 31, 2017, an increase of 5.13% from the prior 12-month period when there were 26,099 homes sold.

Year-over-year for the month of May looks good as well…

As I frequently comment, looking at home prices and sales activity for a 12-month period is the best way to get a realistic view of the market, less affected by timing of sales due to weather, day of the week the last day of the month falls on etc, it’s still worth looking at the most recent month and comparing it to the prior month, as well as prior year, to help spot trends or changes in the trend.  With this in mind, as the chart below shows, for the St Louis core market there were 3,070 homes sold in May, 2017, an increase of 21.2% from the month before when there were 2,533 homes sold, and an increase of just under 1% from May 2016 when there were 3,042 homes sold.  As the chart also reveals, homes sold in St Louis during May, 2017 were sold for a median price of $185,000, an increase of 2.8% from the month before when the median sales price was $180,000 and a slight increase of just one-half of one-percent from May 2016 when the median price St Louis homes sold for was $184,000.

Franklin County has the largest increases in home prices and sales during past 12 months…

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St Louis Home Prices Increased Over 7 Percent In Past Year and Sales Up Over 8 Percent

St Louis home prices rose 7.22 percent in the past 12 months (through the end of November 2016) compared with with prior 12 months, according to newly released data by MORE, REALTORS.  As the tables below show, for the St Louis MSA, the median price of homes sold during the 12 month period ended November 30, 2016 was $169,408.  For the prior 12 month period, the median sales price of homes sold in the St Louis MSA was $158,000.  Home sales increased in the St Louis Metro Area as well during the period with 36,973 homes being sold in the 12 month period ended November 30, 2016, an increase of 8.57% from the prior 12 month period when there were 34,056 homes sold in the St Louis MSA.

Home prices and sales up at the county level as well!

As the tables below show, home prices and sales for the 12 month period ending November 30, 2016 increased from the prior 12-month period in all the counties that make up the bulk of the St Louis housing market.  The rate of increase in home prices varied from just over 3 percent for the St Louis City/County market to nearly 8 percent in Franklin County.   Home sales for the period increased for each county around the 9 percent level with the exception of Franklin County which saw home sales increase 11.5% from the prior 12-month period.

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A Better Way To Look At St Louis Home Prices

Three days ago I wrote about how St Louis home prices in April had increased just roughly 1 percent from April 2015 which was in sharp contrast to what was being reported in the local media at the time.  I did this because I’m a data nerd I guess and feel it is important, whether we are talking about home prices or anything else, to have the most accurate information possible.  Today, social media and even many news outlets often report things that are either only partially true, not true or accurate at all or perhaps taken out of context giving it a different meeting.  For those that know me you know I refer to myself as an “Acts 17:11” guy.  Acts 17:11 is a bible verse that says, in the “Dennis paraphrase”, be eager to listen to others, but go to the source yourself to find out whether it’s so.  The verse is referring specifically  to the Bible but I think it has great application outside of the Bible as well.  So, with that said, that’s what I do and what we try to do at my company, MORE, REALTORS…..find the source of the most accurate information we can, study it to understand it the best we can, then deliver that information to our customers, clients and the public. Then, to the extent possible, I try to deliver sources of information and encourage people not simply to take my word for it but to verify it themselves.

Finally…the point….there is a better way to look at St Louis home prices:
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St Louis Home Prices Softening In Spite Of Spring Market

St Louis home prices appear to be trending downward a little even though we are in the midst of a fairly robust spring market. This is based upon the current price per foot of active listings for sale compared with what home sales that closed last month, as well as prior 12 months, sold for on a per-foot basis.  As the tables below show, the price per foot trend is down in all 6 counties we track, with the biggest downward trends showing in St Louis County and the city of St Louis, both of which have seen the median price per foot of active listings fall below what homes in those counties sold for in the prior 12 months.

Condo prices trending downward as well..

Beneath the table for home prices is a table showing condo price trends which shows St Louis condo prices trending downward as well.

Remember, real estate (and home prices) are very local…

What I have discussed thus far is at the county level, but you must remember real estate is very local and home prices, sales, etc, can vary greatly within the same county.  For example, see the chart at the bottom of home price trends by zip code – I have shown it two ways…first where the prices are trending upward and next where they are trending downward.  As the tables show, there are several zip codes in the area with definite upward trends in home prices as well as areas going the other direction as well.

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Where In St Louis Have Home Prices Increased (or Decreased) The Most?

St Louis home prices have been, for the most part, increasing over the past couple of years at what most would consider from a historical basis, a “normal” rate.  However, market conditions can vary widely from neighborhood to neighborhood as illustrated by the table below which shows St Louis zip codes where homes prices (on a per square foot basis) have increased the most in the past year.  As the table shows, there are 13 zip codes in the St Louis area where home prices, on a per foot basis, increased over 10% during the 12 month period ending January 31, 2016 from the prior 12 month period. 

Four low-priced zip codes are at the top of the list with the first triple-digit price per foot area making the list being the Maplewood area (63143).  At the other end of the spectrum, shown on the second table below, are the zip codes where home prices declined during the same period.  Fortunately, there are only 3 zips on this list with the Ferguson area, 63135, at the top, followed by Bellefontaine Neighbors (63137) and DeSoto (63020).

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St Louis Area Home Prices Have Rebounded From Crash And Passed Former Peak

St Louis home prices have made a strong recovery since bottoming out in 2011 as a result of the housing market bubble bursting in 2008.  In fact, for the 5-county St Louis area I often focus on (the city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) home prices have increased 27 percent to a median price of $168,313 after hitting a post-bubble low of $132,500 in 2011.  In fact, as my chart below shows, the median 5-county home price for 2015 has topped the peak price of $160,000 at the height of the market in 2007 by over 5 percent.

St Louis County home prices have had a strong performance with home prices increasing 32 percent from the post-bubble bottom of $134,000 in 2012 to the current median price of $174,900.  As the chart below shows, St Louis county home prices peaked during the bubble at $160,000 in 2007 so have not only recovered the losses but are now 9 percent higher than at the peak during the bubble.

Nationally, according to data just released by Homes.com, the average increase in home prices today from the peak during the bubble was just 1 percent for markets with moderate price declines from peak prices, so, here in St Louis, we are doing much better!

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See Current Real-Time Home Prices For St Louis Area Cities

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St Louis Home Prices Declined In January…or did they?

This week FNC, Inc., a large company that provides real estate market information to mortgage lenders across the country, published their FNC Residential Price Index™ report which, as the table below shows, reported that St Louis home prices declined slightly in January from the month before (0.4%) and were also down slightly (0.7%) from a year ago.  However, all is not as it may appear as this data, like most data you see reported nationally, and even often-times locally, it is based upon the St Louis Metropolitan Statistical Area (MSA), which consists of a total of 17 counties, 9 of which are in Missouri and the other 8 in Illinois.  So, while the data for the St Louis MSA is an accurate reflection of what is going on in our region as a whole, you must remember, real estate is very local, so the more targeted the data, the better and that’s where we come in.

Our 5-county core market, which consists of the city of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin, contains about 72% of the overall population of the St Louis MSA and makes up the bulk of the St Louis real estate market, hence our focus on the 5-county core.  As the chart below illustrates, the median home prices for homes sold in the St Louis 5-county core market, did decline 6% from $179,900 in December to $169,000 in January, however, home prices increased from $167,500 in January 2014, to $169,000 in January 2015 so, not a large increase (0.8%) but an increase.  Below that chart is a chart for just St Louis county showing that St Louis county home prices slipped slightly in January (0.9%) to a median price of $183,300 from $185,000 the month before, however, increased 6%, from January 2014, when the median home price was $173,000.  Finally, the bottom chart shows St Charles County home prices fell 8.8% in January to a median price of $191,500 from $210,000 the month before, but were up slightly from January 2014 when the median home price in St Charles county was $190,900.

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St Louis Home Prices and Sales Market Update VIDEO-December 2014

St Louis home sales are lagging behind last years however St Louis home prices are up from last year.  How much are home prices up?  What are the HOT St Louis real estate markets (and the COLD ones as well)? Find the answers to these, and many other questions you may have about the current St Louis real state market in our newly published, 5-minute, market video update for December 2014, below.

There are neighborhoods throughout St Louis that are low on inventory and high on demand creating a seller’s market!  If you have considered selling your home, or perhaps tried and failed in the past year or so, now is the time to consider it again.  Give us a call and we’ll be happy to let you know the value of your home in today’s market or, try our new online home valuation site and find your homes value in under a minute – go to StLouisHousePrices.com and find your home’s value now!

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.

Continue reading “St Louis Home Prices and Sales Market Update VIDEO-December 2014

Effect Of School Districts On St Louis Home Prices

I think most people know that good schools benefit the housing market and home prices in that district by creating more demand for homes in the district.  This demand contributes to a healthy market and, the ultimate hope of most home owners, appreciating home prices that yield a good return on the investment over time.  Conversely, the opposite is generally believed to be true as well that a poor school district has a negative effect on the housing market and home prices within that district.

How much effect does a school district have on home prices, whether a good district or bad?  

To address this, I first went to SchoolDigger.com to find school district rankings for St Louis area districts.  I then chose the five districts that were ranked highest and the five ranked the lowest, which are:

  • Highest Ranked-
    • Lindbergh (3)
    • Clayton (6)
    • Brentwood (11)
    • Kirkwood (12)
    • Rockwood (14)
  • Lowest Ranked-
    • Riverview (502)
    • St Louis City (497)
    • Normandy (495)
    • Ferguson-Florissant (464)
    • Ritenour (458)

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St Louis Home Prices Increased Four Percent In Past Year on Fewer Sales

St Louis Home Prices rose 4 percent from May 2013’s median sales price of $150,000 to May 2014’s median price of $156,000 for the 5-county core St Louis housing market which consists of the City of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin, according to the latest data released by MORE, REALTORS.   As the table below shows, the city of St Louis saw the biggest gain in median home prices with the median sales price increasing over 27% from May 2013 to May 2014.

St Louis Home Sales are still lagging a little behind last year with 3,133 homes sold in the St Louis 5-county core market in May 2014, a decrease of 3.3% from May 2013 when there were 3,239 homes sold.  As the table below shows, Jefferson county fared the best in this area with an increase of over 9% in home sales in May 2014 from May 2013.

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St Louis Home Prices Close to Recovering Lost Ground After Peak

St Louis Home Prices are close to regaining what was lost after home prices peaked during the boom and then crashed and burned, according to the latest data from MORE, REALTORS.  As the table below shows, home prices in the three major St Louis counties (St Louis, St Charles and the city of St Louis) have recovered to about 95% of what they peaked at during the boom.  The outlying counties of Jefferson and Franklin have been slower to recover.

Find your home’s market value online in LESS THAN A MINUTE!

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St Louis Home Prices Rose Twelve Percent In Last 12 Months

Home Prices In St Louis

St Louis home prices (core market) rose 12 percent rose from a median price of $125,000 for homes sold  in September 2012 to $140,000 for homes sold in September 2013, according to MORE, REALTORS The core market for St Louis includes the city of St Louis as well as the counties of St Louis, St Charles, Jefferson and Franklin.

Home price appreciation during the past year in the core St Louis market, at 12%,  was right in line with national home prices which, according to a report released today by CoreLogic, rose 12% as well during the same period.  St Louis county is the star though with home prices increasing 20 percent in that county during the past year.  Of the 5 counties that make up the core market, only Franklin county saw prices decline, dropping 4 percent from $116,750 to $112,000 over the past year.

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St Louis Home Price Appreciation September 2012 - September 2013

 

 

St Louis Real Home Prices and Sales Market Update VIDEO-August 2013

St Louis Real Estate

It’s  a seller’s market in 60 St Louis Neighborhoods!

That’s right,  according to the latest market data from MORE, REALTORS. 60 St Louis neighborhoods are experiencing a seller’s market while only 8 have a buyer’s market. Which ones you ask?  Invest 5 minutes of your time watching my market up date video below and you will find out!

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.

Continue reading “St Louis Real Home Prices and Sales Market Update VIDEO-August 2013

St Louis Real Estate Home Prices and Sales Market Update VIDEO

St Louis Real Estate

St Louis Real Estate Market Shows Strengthening in May!

The St Louis Real Estate Market remains in seller’s market territory this month, according to the latest market data from MORE, REALTORS.  The inventory of homes for sale remains low while home sale and prices are increasing.

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.

This is not the market to be an uniformed participant in though or not have qualified, professional representation.  This can lead to frustration as a buyer as you continue to “miss” opportunities to buy and as a seller can cost you money by getting caught up in the “sellers market” frenzy and over-pricing your home, only to end up taking less later than you would have if your home was priced right to begin with. So, how do you avoid these pitfalls?  For starters, click on the “Contact Us” link above and let us help you, then spend 5 minutes watching our latest market update video below which will give you a great overview of the current market.  

Continue reading “St Louis Real Estate Home Prices and Sales Market Update VIDEO

Report says strong housing demand and lower inventories are sparking increased home prices

st-louis-realtor-dennis-norman-home-pricesIn a report released by Trulia, which looks at changes in asking prices on homes that are for sale as a leading indicator of where the market is headed, asking prices on homes for sale, on a year over year basis, were up 0.2 percent nationally.  Here in St. Louis, as the chart below shows, we can see that year–over-year asking prices in the St. Louis MSA are up almost 1 percent, or almost 5 times the national average but still far from the ten MSA’s in the U.S. with the highest price increases (see table below).  Continue reading “Report says strong housing demand and lower inventories are sparking increased home prices

St. Louis Real Estate Market and Home Prices Update – September 9, 2011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! 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”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – September 9, 2011

St. Louis Real Estate Market and Home Prices Update – September 2, 2011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! 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”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – September 2, 2011

St. Louis Real Estate Market and Home Prices Update – August 26, 2011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.) Continue reading “St. Louis Real Estate Market and Home Prices Update – August 26, 2011

St. Louis Real Estate Market and Home Prices Update – August 12, 2011

Weekly I produce a short (roughly 5 minute) video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.) Continue reading “St. Louis Real Estate Market and Home Prices Update – August 12, 2011

February home price index hits eight year low; St Louis is sixth best of the 25 metros

RPX Composite Home Price Fell to Lowest Level since March 2003 – St. Louis ranks 6th of 25 metros on one year rate of change of home prices.

Radar Logic published it’s Housing Market Report for February showing that it’s “RPX Composite Price”, for the 25 metro areas covered by the index, including St. Louis, fell 0.7 percent from January and 4.3 percent from the year before. St. Louis home prices fell 2.4 percent from January and 4.4 percent from a year ago. Continue reading “February home price index hits eight year low; St Louis is sixth best of the 25 metros