St Charles Real Estate - St Louis Real Estate News

Nearly Half The Active St Louis Listings Have Reduced The Asking Price

By Dennis Norman, on October 12th, 2022

As the STL Real Estate Trends report below shows, as of last week, 43% of the active listings in the St Louis 5-County core market have a current asking price that is lower than the initial asking price. This is more than a 100% increase from the same week last year when only 20% of the listings had a reduced asking price.

Franklin County saw the biggest increase in price reductions on listings from last year with an increase from 14% to 47%. Franklin County also has the highest percentage of active listings with a reduced price and St Charles Continue Reading →

St Louis Real Estate Market Report For September 2022

By Dennis Norman, on October 11th, 2022

Below is our St Louis Real Estate Market Report for September 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. Worth noting and remembering is not all data is created equally nor is all of what you see reported accurate. Given the challenging and rapidly changing economic times we are in which are having an direct impact on the St Louis housing and real estate market, now, almost more than ever, you need to be sure Continue Reading →

Year To Date Home Sales in St Louis Metro Area Down Nearly 11 Percent From Last Year

By Dennis Norman, on August 25th, 2022

There have been 21,164 homes sold in the St Louis Metro area during the first 7-months of this year which, as the STL Market Chart below illustrates, is a decline of 10.7% from the same time last year when there were 23,709 homes sold.

2022 home sales fairly consistent with 4 out of 5 prior years…

As I stated above, St Louis YTD home sales are lagging behind last year however, last years sales appear to be the market peak and the difference, as shown below, between current YTD sales and the years prior to last year is not as Continue Reading →

Number Of New Homes Built In St Louis In Last 14 Years Less Than Half The Number For the Prior 14 Years

By Dennis Norman, on August 4th, 2022

During the 14 year period prior to the housing bubble bursting in 2008, there were 92,065 building permits issued for new single family homes in the 3 most active home building counties in St Louis. As the table shows below, over half the permits issued during that period were in St Charles County alone, with the other half in the counties of St Louis and Jefferson.

Needless to say, when the housing bubble burst in 2008 and the market collapsed, new home construction came to a screeching halt. However, after about 5 years, the market quickly regained lost ground and Continue Reading →

How Much Will St Louis Home Prices Be Impacted By Inflation?

By Dennis Norman, on April 15th, 2022

Yesterday, I wrote an article addressing the high rate of inflation just reported and its impact on the St Louis housing market. In it, I promised to take a deeper look into the effect of the current events related to the economy on St Louis home prices which I will do in this article.

Before I go further, I should mention I’m not an economist nor a fortune teller. I am, however, a real estate broker and data nerd that has spent over 40 years in the St Louis real estate industry. I try my best to use my knowledge Continue Reading →

New Home Building Permits Decline In St Louis In Past 12-Months

By Dennis Norman, on March 16th, 2022

There were 4,743 building permits issued for new single-family homes in the St Louis area during the 12-month period ended January 31, 2022, a decrease of 2.5% from the same period a year ago when there were 4,864 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA). Four of the seven counties covered in the report saw a decrease in building permits from the same period a year ago. Warren, Lincoln, and St Charles County had a double-digit decrease.

Search St Louis Homes For Sale Search St Continue Reading →

St Louis Home Sales in 2021 Tops Year Before By Nearly 4 Percent – Prices Up Over 9 Percent

By Dennis Norman, on January 12th, 2022

As the STL Market Report (available exclusively from MORE, REATLORS®) below illustrates, there were 30,197 homes sold in the St Louis 5-county core market during 2021, an increase of 3.86% from 2020 when there were 29,075 homes sold. The median sales price of homes sold in the St Louis 5-county core market was $250,000 during 2021, an increase of 9.17% from 2020 when the median price of homes sold in St Louis was $229,000. The 5-county core St Louis market is comprised of the city and county of St Louis, along with the counties of Jefferson, Franklin, and St Charles. Continue Reading →

St Louis New Home Building Permits Increase Nearly 6 Percent In Past Year

By Dennis Norman, on December 10th, 2021

There were 4,838 building permits issued for new single-family homes in the St Louis area during the 12-month period ended October 31, 2021, an increase of 2.98% from the same period a year ago when there were 4,698 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA). Four of the seven counties covered in the report saw an increase in building permits from the same period a year ago, three with a double-digit increase. St Charles County continues to show a trend of a slight decline in permits Continue Reading →

St Louis Home Price Appreciation Slowing

By Dennis Norman, on December 8th, 2021

Even though you wouldn’t know it by today’s forecasted high in St Louis of 50 degrees, we are entering the winter housing market. Every year, year after year, the St Louis winter housing market reacts pretty much the same way with home prices dropping a little and sales slowing followed by an uptick in both come spring. With that in mind, the declines we see in home prices in the chart and report below, available exclusively from MORE, REALTORS®, could be attributed to the seasonal change but are a little early for that, and different than last year.

Sold home Continue Reading →

St Louis New Home Building Permits Increase Over 6 Percent In Past Year

By Dennis Norman, on November 15th, 2021

There were 4,938 building permits issued for new single-family homes in the St Louis area during the 12-month period ended September 30, 2021, an increase of 6.38% from the same period a year ago when there were 4,642 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA). Five of the seven counties covered in the report saw an increase in building permits from the same period a year ago, three with a double-digit increase. St Charles County continues to show a trend of a slight decline in permits Continue Reading →

Over 40% Of The Luxury Homes Sold In St Louis In October Sold At or Above List Price

By Dennis Norman, on November 12th, 2021

Yesterday, I shared data showing that two-thirds of the homes sold in the St Louis 5-County core market (St Louis city and the counties of St Louis, St Charles, Jefferson, and Franklin) during October sold for the asking price or above. Today, I wanted to focus on just the luxury home market to see how that compared with the overall market. I included homes that sold for $750,000 or higher in this analysis.

As the infographic below shows (exclusively available from MORE, REALTORS®) there were 107 luxury homes sold (3.7% of all homes sold) during October in the St Louis Continue Reading →

Two-Thirds Of Homes Sold In St Louis Core Market In October Sold At Or Above List Price

By Dennis Norman, on November 11th, 2021

Two-thirds of the homes sold in the St Louis 5-County core market (St Louis city and the counties of St Louis, St Charles, Jefferson, and Franklin) during October sold for the asking price or above. As the infographic below shows (exclusively available from MORE, REALTORS®) there were 2,888 homes sold during October in the St Louis 5-County core market with 65% of them selling at the list price or above. One thing to remember about home prices though, and something you won’t hear from too many people reporting prices, is that not all sold prices are the “real” price.

[xyz-ips Continue Reading →

St Louis Area Housing Market Report For September

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 →

St Louis New Home Building Permits Increase In August In 6 of 7 Counties

By Dennis Norman, on October 9th, 2021

There were 4,926 building permits issued for new single-family homes in the St Louis area during the 12-month period ended August 31, 2021, an increase of 6.44% from the same period a year ago when there were 4,628 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA). Six of the seven counties covered in the report saw an increase in building permits from the same period a year ago, half of them with a double-digit increase and the other half with a slight increase. St Charles County saw Continue Reading →

St Louis Home Sales Trend Remains Strong

By Dennis Norman, on September 24th, 2021

More and more today I’m seeing reports in the media about the housing market cooling down and sales slowing which, quite frankly, I have expected and keep watching for signs of it in the St Louis real estate market. However, in spite of a few blips on the radar, all the data I’m reviewing still shows pretty steady and consistent home sales in St Louis. Don’t get me wrong, I fully expect us to see a cooling of the St Louis market if for no other reason, winter will be here soon and then we’ll be headed toward year-end when Continue Reading →

St Louis Listing Supply Increases 50 Percent in July from June…still low

By Dennis Norman, on July 30th, 2021

For the past couple of years now you’ve heard how low the inventory of homes for sale is, and, if you are a buyer, you have no doubt experienced some grief or hardship in buying a home as a result. However, this may be changing. As the table below shows, there are currently 3,565 active listings in the St Louis 5-county core market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) which based upon the rate of home sales, works out to a supply of 1.41 months. This is a 50% increase from the Continue Reading →

St Charles County Homes Sold For Largest Percentage Over List Price In June

By Dennis Norman, on July 1st, 2021

As the chart below illustrates (available exclusively from MORE, REALTORS®), homes in St Charles County sold for a median price equal to nearly 105% of the current list price of the listing in June, which is the highest percentage of list price for the counties that make up the St Louis 5-county core market. For the 9 months up to and including January of this year, 4 of the 5 counties all had a median sold price equal to 100% of the current list price with Franklin County averaging less. In January St Charles county took off followed by Jefferson Continue Reading →

St Louis Home Sales And Prices Saw Double-Digit Increase In Past 12-Months

By Dennis Norman, on June 18th, 2021

For the 12-month period ended May 31, 2021, there were 30,225 homes sold within the St Louis 5-County core market, an increase in home sales of 13.91% from the prior 12-month period, according to the STL Market Report below, available exclusively from MORE, REALTORS®. During the same period, St Louis home prices increased 11.5% from a median of $213,000 to $237,500. As the report also shows, the current supply of listings for sale is low at 0.86 months.

[xyz-ips snippet=”Homes-For-Sale”]

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

(click on report for live, complete report)

Continue Reading →

Thirty-Eight Percent Of St Louis LUXURY Homes Sold In Past 12 Months Sold At Or Above List Price

By Dennis Norman, on June 8th, 2021

Last week I shared data showing that nearly two-thirds of the homes sold in the St Louis 5-County core market (St Louis city and the counties of St Louis, St Charles, Jefferson and Franklin) during the past 12 months sold for the asking price or above. Today, I wanted to focus on just the luxury home market to see how that compared with the overall market. I included homes that sold for $750,000 or higher in this analysis.

As the infographic below shows (exclusively available from MORE, REALTORS®) there were 1,120 luxury homes sold (about 3% of all homes sold) Continue Reading →

Sixty-Three Percent Of St Louis Homes Sold In Past 12 Months Sold At Or Above List Price

By Dennis Norman, on June 2nd, 2021

It’s no secret how competitive the St Louis housing market is currently. In effort to get their offer accepted, homebuyers are waiving financing contingencies, building inspections and doing everything they can to convince the seller to take their offer. However, in addition to those aforementioned things, while it’s not necessarily the most important thing, price is pretty close to the top of the list.

As a result of everything mentioned above, almost two-thirds of the homes sold in the St Louis 5-County core market (St Louis city and the counties of St Louis, St Charles, Jefferson and Franklin) during the Continue Reading →

St Charles County Real Estate Market On Fire!

By Dennis Norman, on May 27th, 2021

While most of the current real estate market is doing quite well, and has for some time, the St Charles County real estate market has been on fire lately! Highlights from the the reports and charts below include (which are available exclusively from MORE, REALTORS):

For the 12-month period ending April 30, 2021 there were 6,620 homes sold in St Charles County, an increase of 13% from the prior 12-month period. For the most recent period noted above, the median price of homes sold in St Charles County was $271,240, and an increase of nearly 9% from the prior period. Continue Reading →

St Louis Area Housing Market Report For April

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 →

St Louis Luxury Home Sales Trended Upward For 10 Consecutive Months

By Dennis Norman, on April 26th, 2021

The St Louis luxury home market (homes priced at $700,000 or above) after remaining relatively flat for about a year has been steadily trending upward for now 10-months in a row. Even though April is not over, there have already been more sales of Luxury homes closed than for the month before, so April will make the 10th month of increased sales activity.

As the STL Market Chart below shows (available exclusively from MORE, REALTORS®), sales of luxury homes in St Louis City and County and St Charles County, have increased from 694 sales for the 12-month period ended April Continue Reading →

New Sales Of Listings Are Outpacing New Listings

By Dennis Norman, on March 26th, 2021

As any home buyer in the market is well aware no doubt, we have a low inventory of homes for sale in the St Louis MSA. As the STL Market Report below shows (which is exclusivley available from MORE, REALTORS®) there is currently just a 1.2 month supply of active listings in the St Louis metro area. It doesn’t look like the situation is improving either as MORE’s Local Home Trends Reports at the bottom show that new contracts in the past two weeks have outpaced new listings during the same period. There were 2,105 new contracts written for the Continue Reading →

St Charles County Median Price Of Homes Sold Spikes in February

By Dennis Norman, on March 12th, 2021

As the chart below shows, the median price of homes sold in St Charles County jumped to $275,000 last month approaching the record-high price of $279,000 set this past August. This is the second consecutive month the median price has increased and is contrary to the norm. Last year home prices fell to a low of $235,000 in February.

Though home prices didn’t follow the typical pattern and fall during the winter in St Charles County, home sales did. Home sales last month followed that pattern falling to 333 homes sold, similar to last year’s February sales of 320 homes.

Continue Reading →

St Louis Area Home Sales Trend At Highest Level In Over 10 Years

By Dennis Norman, on March 9th, 2021

In spite of having been in a low-inventory market for the past few years, home sales in St Louis have continued strong. In fact, as the home sales trend chart below, exclusively available from MORE, REALTORS®, shows home sales trend for the 12-month period ending February 28th was at the highest level in over 10-years.

The chart includes the St Louis 5-County core market (the city of St Louis and the counties of St Louis, St Charles, Franklin, and Jefferson) and shows that for the 12-month period ending last month there were 28,571 homes sold (distressed home sales have been Continue Reading →

Seven Of the Ten Fastest-Selling School Districts In St Louis MSA are in Outer Ring Counties

By Dennis Norman, on February 22nd, 2021

As the list below shows, seven of the ten school districts in the St Louis MSA where homes are selling the fastest, are in outer-ring counties, with the remaining three districts being in St Louis County. This list is based upon the average time it took homes to sell that closed in the past 30 days and Wright City R-II District came in at the top of the list with an average of 14 days for homes to sell. St Charles County was home to the largest number of the fastest-selling school districts with 4 followed by St Louis County Continue Reading →

St Louis County Home Sales Trend Outpacing New Listings By Larger Margin Then Neighboring Counties

By Dennis Norman, on February 15th, 2021

It’s no secret that listings of homes for sale in St Louis are in short supply and for a while now new sales have outpaced new listings making it a challenge for home buyers. However, over the past couple of months, new sales of homes in St Louis County have outpaced new listings by a greater margin than neighboring counties. As can be compiled from the tables below, new sales of homes in the St Louis 5-County Core market during the last four months outpaced new listings during the same period by 12.7%. For St Louis county, there were 6,095 Continue Reading →

St Louis’ Most Expensive School Districts To Buy A Home In

By Dennis Norman, on January 26th, 2021

It probably won’t come as a surprise that many of St Louis’ best school districts also have some of St Louis’ most expensive home prices. As the list below shows, the Ladue School district has the highest-priced homes with the average price for homes sold in the past 12 months at nearly $900,000. Of the top 10 highest priced school districts, 8 are in St Louis County, one in St Charles County and one in Franklin County.

Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES St Louis 5-County Core’s Most Expensive School Districts

Continue Reading →

Top 10 St Louis Area School Districts Where Homes Are Selling the Fastest

By Dennis Norman, on January 20th, 2021

As of this morning, the Hancock Place School District and Bayless School District, both in the South St Louis County area, are tied for the district where homes are selling the fastest. As the Fastest-Selling School Districts in the St Louis MSA list (available exclusively from MORE, REALTORS®) below shows, homes that sold in the past 30 days in those districts took an average of just 17 days to sell. Five of the top 10 districts for fast home sales are located in St Louis County, two are in Jefferson County, one each in St Charles County, Warren County, and Continue Reading →