Nearly All of St Louis MSA Still A Sellers Market

Even though it’s that time of year when the real estate market in St Louis slows down, we are still in a seller’s market in most of the St Louis metro area based upon the supply of homes for sale.  Historically, a 6-month supply of homes for sale would be considered a “balanced” market, not favoring sellers nor buyers.  If the supply drops below 6 months, it favors sellers as there is less competition for them and above 6 months it favors buyers.

Currently, 14 of the 17 counties that make up the St Louis MSA have a supply of homes for sale under 6 months.  Two of the three counties that favor buyers, Macoupin and Calhoun, are in Illinois with St Francois County being the only Missouri County and it just barely made the list with a 6.26 month supply.

St Louis Area Real Estate Market Primarily A Sellers Market Albeit A Cooling One

Four of the five counties that make up St Louis’ core real estate market appear to continue to be in a Seller’s market although the markets are cooling somewhat  as prices on active listings are trending downward a little and inventories are increasing somewhat, according to the latest data from MORE, REALTORS. The remaining county, Franklin, is indicating a buyers market with a supply of homes for sale in excess of 7 months and home prices trending lower.

The tables below show home sales, prices and inventory data for each county and then determines whether the market favors buyers or sellers based up the information presented.  This information is exclusively available from MORE, REALTORS and is some of the best and most relevant information consumers will find to help make a smart decision when buying or selling a home.  In addition to county-level data as shown below, the data is available for each city and zip code in the St Louis area as well at STLMarketData.com.

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St Louis’ Best Seller’s Market Neighborhoods

The improving real estate market, as well as low inventory, has led to the majority of St Louis neighborhoods becoming sellers market’s, according to our Market Action Index.  As of today, St Louis’ best seller’s Market can be found in the 63021 zip code area of Ballwin, followed by Des Peres and Valley Park.  The complete list of the top 15 seller’s markets in St Louis can be found below.

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