By Dennis Norman, on December 10th, 2020 As the STL Market ReportTM below shows, there were 3,419 existing condominiums sold in the 12-month period ended November 30, 2020, a decrease of 0.23% from the prior 12-month period. The median price of condos sold during the past 12-months was $159,900, an increase of 5.2% from the prior 12-month period. To make sure the data represents the market as accurately as possible, distressed home sales and new construction were excluded from the data. As the report shows, the current inventory of condos for sale is just 1.2 months.
STL Market Report – St Louis 5-County Area – Condos
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By Dennis Norman, on December 8th, 2020 As the STL Market ReportTM below shows, there were 26,675 existing homes sold in the 12-month period ended November 30, 2020, an increase of 7.13% from the prior 12-month period. The median price of homes sold during the past 12-months was $225,580, an increase of 7.42% from the prior 12-month period. To make sure the data represents the market as accurately as possible, distressed home sales and new construction were excluded from the data. The increase in home sales is almost hard to imagine given how low the inventory of homes for sale has been. As the report shows, the Continue Reading →
By Dennis Norman, on August 21st, 2020 Given the impact of COVID-19 on the St Louis real estate market, particularly during the late winter/early spring months as well as a low-inventory market already, it should not come as a surprise that St Louis area home sales have trended downward somewhat during the past 12-months. As our STL Market Report below shows, for the 5-county core St Louis real estate market, there were 26,723 homes sold during the 12-month period ended July 31, 2020, a decline of 0.88% from the prior 12-month period when there were 26,960 homes sold. That very modest decline I think is actually very Continue Reading →
By Dennis Norman, on July 29th, 2020 There were 4,468 building permits issued for new single-family homes in the St Louis area during June, an increase of 5.9% from a year ago when there were 4,219 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA). However, the increase in new home construction activity was not shared equally around the St Louis area as the counties of St Charles, Jefferson, and Franklin all saw double-digit increases while the other four counties saw declines.
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By Dennis Norman, on July 23rd, 2020 After the COVID-19 pandemic hit St Louis and greatly curbed real estate activity back in March and April, the market was quick to recover and has come back in a pretty robust way. The impact is starting to show more though in home sales in the year-over-year and year to date numbers, however. As our STL Market Report for the St Louis MSA below shows, for the 12-months ended June 30, 2020, there were 36,657 homes sold throughout the St Louis metro area, a decline of just over 1% from a year ago when there were 37,040 homes sold during Continue Reading →
By Dennis Norman, on June 20th, 2020 Yesterday, I shared a report on new sales of listings in the St Louis MSA which showed sales were up 10% for the week from a year ago. Today, I created the report below which shows new listings during the same week, and while the number of new listings was up 8% for the week from a year ago, they still didn’t keep pace with the new sales. As the report reveals, there were 1155 new listings in the St Louis MSA last week and, as yesterday’s report showed, 1245 sales, so nearly 8% more new sales than new listings.
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By Dennis Norman, on June 19th, 2020 COVID-19 who? While it’s still around, it’s impact on the St Louis real estate market has dissipated to the point that we are seeing activity at levels higher than this time last year. For example, as the report below shows, there were 1,245 new sales of residential listings in the St Louis MSA last week, an increase of 10 percent from the same time a year ago. St Charles County was the county with the second-highest number of sales with 217 for the week which was a 32% increase from a year ago! St Louis County, the county with the Continue Reading →
By Dennis Norman, on June 16th, 2020 There were 4,4,83 building permits issued for new single-family homes in the St Louis area during April, an increase of 4.28% from a year ago when there were 4,299 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA). However, the increase in new home construction activity was not shared equally around the St Louis area and, in fact, really only favored St Charles County and Jefferson County again.
Of the seven counties reported on by the St Louis HBA, 5 saw a decline in building permits from a Continue Reading →
By Dennis Norman, on June 9th, 2020 The St Louis real estate market slowed when the effects of COVID-19 hit the St Louis area in early March but after continuing at a slower pace for a few weeks has quickly shifted gears to a faster pace. The St Louis market has improved to the point that, for the 12-month period ended May 31, 2020, St Louis home sales were down just 1.84% from the prior 12-month period. The median price of homes sold during the past 12-months was $213,000, an increase of 6.55% from the prior period.
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St Louis 5-County Core Market Home Sales and Continue Reading →
By Dennis Norman, on May 20th, 2020 There were 4,506 building permits issued for new single-family homes in the St Louis area during March, an increase of 4.55% from a year ago when there were 4,310 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA). However, the increase in new home construction activity was not shared equally around the St Louis area and, in fact, really only favored St Charles County and Jefferson County.
Of the seven counties reported on by the St Louis HBA, 5 saw a decline in building permits from a year Continue Reading →
By Dennis Norman, on May 3rd, 2020 Prior to COVID-19, there had already been a shortage of residential listings for sale in many areas and price ranges through St Louis going back a couple of years. However, the problem may be getting worse as we are continuing to see new sales of residential listings in St Louis picking up the pace to the point that they are down just 16% from the same time a year ago but, new listings in the St Louis MSA are down 30% from the same time a year ago.
Since we started with a low inventory and now have the sales Continue Reading →
By Dennis Norman, on April 24th, 2020 Maybe it’s the gorgeous weather, a more optimistic outlook after receiving stimulus payments or perhaps just being tired of waiting in limbo, but homebuyers have come out strong in St Louis during the past week! St Louis home sales are still not at the levels we would expect at this time of year but, as my table below shows, for the St Louis MSA as a whole, the most recent 7-day period is down just 16% from the same time last year. This is about half the decline I’ve seen when pulling the data as recently as a week ago.
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By Dennis Norman, on April 14th, 2020 
The COVID-19 pandemic (coronavirus) began impacting the St Louis area just a little over a month ago and I’ve been tracking the impact on the St Louis real estate market along the way. From the outset, we have seen a decline in the number of new listings, new sales and physical showings of listings, however, overall the decline has remained fairly constant. New sales of listings for the St Louis area has pretty well hovered around a level equal to about tw0-thirds of the activity we saw at the same time last year.
Now that we are about a month Continue Reading →
By Dennis Norman, on April 8th, 2020 Yesterday, I shared data showing that, in spite of the COVID-19 (coronavirus) pandemic, new sales of residential listings in the 5-county core St Louis market for the most recent 7-day period that complete data is available for, were down 35% from a year ago. I received requests to break the data down further so I did so by county. As the table below shows, for the 7-day period ended April 2nd, new sales of listings in St Charles County were down just 25% from the prior year. The reason the period ends April 2nd is REALTORS® has 3 business days Continue Reading →
By Dennis Norman, on March 28th, 2020 St Louis sellers appear to remain pretty confident in the St Louis real estate market in spite of the COVID-19 threat as evidenced by the number of new residential listings that hit the St Louis market in the past 7 days. During the past 7 days, there were 701 new residential listings on the St Louis 5-County Core Market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) this is a decline of just 25% from the same period last year when there were 943 listings. For the St Louis MSA, there were 930 new Continue Reading →
By Dennis Norman, on March 28th, 2020 Homes became more affordable in Jefferson County and St Charles County during the first quarter of this year from the 4th quarter of 2019, according to data just released by ATTOM Data Research. As the table below shows, the affordability index for both those counties increased from the prior quarter as well as from the same quarter the prior year. Franklin County’s affordability index was the same for the 1st quarter of 2020 as the prior quarter but improved by 5% from a year ago. The two St Louis’s, the city and county, both saw decline in home affordability from Continue Reading →
By Dennis Norman, on March 9th, 2020 The typical median-priced existing home sold for $233,000 in February 2019 and a year later, as the chart below shows, in February 2020 the typical median-priced home sold for $235,000, an increase of just under 1%. Here’s the beauty though, thanks to interest rates dropping from an average of 4.41% a year ago to 3.29% today, even with the slight increase in price, the typical St Charles County home costs less today than a year ago! Not just by a little either as the payment on the median price a year ago (no money down) would have been $1,178.18 at Continue Reading →
By Dennis Norman, on February 25th, 2020 The new home construction trend in St. Louis during January slowed just a bit with a total of 4,426 new home permits being issued for the 12-month period ended January 31, 2020, a slight decline of about 1% from a year ago when there were 4,447 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri.
As the table below shows, 5 of the 7 counties covered in the report saw a decline in new home permits from a year ago. Two of the three counties with the most new home activity, Continue Reading →
By Dennis Norman, on February 25th, 2020 There were 35,702 homes sold in the St Louis metro area in the 12-month period ended January 31, 2020, an increase of nearly 2 percent (1.97%) from the prior 12-month period when there were 35,013 homes sold. As MORE, RELATORS exclusive STL Market Report below shows, the median price of homes sold in St Louis during the most recent period was $195,000, an increase of 4 percent from the prior 12-month period.
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By Dennis Norman, on February 24th, 2020 Thanks to a booming economy and strong housing market, distressed home sales in the St Louis Metro Area declined by nearly 25 percent (23.42%) in the 12-month period ended January 31, 2020 from the prior 12-month period. As our exclusive, STL Market Report below shows, there were 1,887 distressed home sales (foreclosures, REO’s and short sales)in the most recent 12-month period compared with 2,464 in the prior 12-month period. The median home price of the distressed homes sold declined 1.79% during the same period, from a median price of $56,000 in the prior period to $55,000 in the most recent Continue Reading →
By Dennis Norman, on February 4th, 2020 Homes that sold in the 63048 zip code in the last 30 days were on the market an average of just 30 days before selling, making this the fastest sold zip code in the St Louis MSA. The 63048 zip code area in Jefferson County includes the cities of Pevely, Festus and Herculaneum.
Five of the top ten zip codes were in St Louis County, two in Jefferson County and one in the Counties of St Charles, St Louis City and Madison, Il.
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By Dennis Norman, on February 3rd, 2020 Throughout 2019 St Louis home sales were running slightly behind the prior year and looked like that is how the year would end but, thanks to a strong finish, St Louis home sales for 2019 ended up being slightly higher than the year before. As the report below shows, the 5-county core St Louis real estate market (without distressed sales) ended 2019 with 25,946 home sales, up 0.71% from the year before when there we 25,674 homes sold. The median price of homes sold during 2019 (non-distressed) was $215,000, an increase fo 4.88% from the year before when the median Continue Reading →
By Dennis Norman, on January 7th, 2020 There were 3,637 condos sold in the St Louis 5-County Core market during 2019, a decline of 2.28% from 2018 when there were 3,722 condos sold. As I reported yesterday, 2019 St Louis home sales were down 1.18% in 2019, just over half of the rate of decline of condo sales.
As the STL Market Report below shows (available exclusively through MORE, REALTORS), the median price of condos sold during 2019 was $155,000, an increase of 4.15% from the year before. In contrast, home prices increased by 5.85% during the same period.
Going into 2020, the inventory of homes for Continue Reading →
By Dennis Norman, on January 6th, 2020 There were 27,076 homes sold in the St Louis 5-County Core market during 2019, a decline of 1.18% from 2018 when there were 27,399 homes sold. As the STL Market Report below shows (available exclusively through MORE, REALTORS), the median price of homes sold during 2019 was $208,000, an increase of 5.85% from the year before.
Going into 2020, the inventory of homes for sale remains low and favors sellers. Currently, the supply of homes for sale is just over 2 months.
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By Dennis Norman, on December 27th, 2019 Homes in the Lincoln County zip code of 63362 sold the fastest in the past 30-days with an average time to sell of just 40 days, according to the latest data available from MORE, REALTORS®.
As the list below shows, 4 of the remaining 10 fastest-sold zips in the St Louis MSA were in St Charles County, 3 in St Louis County, 1 in Franklin County and 1 in St Clair County, IL.
Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES Fastest SOLD Zip Codes In The St Louis MSA In Past 30 Days Continue Reading →
By Dennis Norman, on December 24th, 2019 The home sales trend was, as our chart below illustrates, on the decline in St Charles County since summer last year but then, in October reversed course. Now, for the second-consecutive month, the St Charles County home sales trend is on the rise possibly confirming that September 2019 was the bottom, with 5,761 homes sold in the 12-month period ending in September. For the 12-month period ended November 30, 2019, there were 5,814 homes sold or just under 1% more than when sales hit the bottom in September. The period ended in November saw just 23 more homes sold then Continue Reading →
By Dennis Norman, on December 16th, 2019 The foreclosure rate for the St Louis MSA during October decreased 6.0 percent from the month and was down 4.2% from November 2018, according to data just released from ATTOM Data Solutions. As the table below shows, there were, like last month, some mixed results. For example, St Charles County saw a 20% increase in foreclosures from the month before while the City of St Louis saw a 27% decrease from the month before. The U.S. as a whole saw a bigger decline in foreclosure activity than the St Louis MSA did.
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St Louis MSA Foreclosures – November Continue Reading →
By Dennis Norman, on December 11th, 2019 The home sales trend in St Charles County peaked in April 2017 with 6,118 homes sold in the 12-month period ended April 30, 2017. Since then, the home sales trend fell to closer to the 6,000 home mark until hitting a near peak again in August 2018 with 6,111 homes sold in the 12 month period ending that month. After that, the home sales trend in St Charles County has fairly consistently trended downward until hitting bottom in September with 5,759 homes sold in the 12-month period ended September 30, 2019, nearly a 6% fall in home sales from the Continue Reading →
By Dennis Norman, on December 4th, 2019 New home construction in St. Louis during October held at about the same trend as September with 4,289 new home permits issued for the 12-month period ended October 31, 2019, a decline of 8.04% from a year ago when there were 4,664 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri. This is about the same as September when the 12-month trend was down 8.05% from the prior 12-month period.
As the table below shows, 4 of the 7 counties covered in the report saw a decline in new home permits Continue Reading →
By Dennis Norman, on November 20th, 2019 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 Continue Reading →
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