Foreclosures Spike In October In Some St Louis Areas

The foreclosure rate for the St Louis MSA during October increased 11.3 percent from the month before however, it was still nearly 25 percent (24.5%) lower than October 2018, according to data just released from ATTOM Data Solutions. As the table below shows, there were some real mixed results this month. For example, St Charles County saw a 150% increase in foreclosures from the month before increasing from 10 in September to 25 in October but is down over 60% from October 2018. The city of St Louis is the only county of significant size in the St Louis MSA Continue Reading →

63304 Is St Charles County’s Fastest Selling Zip Code

Homes in the 63304 Zip Code area of St Charles Cunty sold faster in the past 30 days than in any other zip code in St Charles County, according to the latest data available from MORE, REALTORS®. Homes that closed in the past 30 days in 63304 took an average time of just 23 days to sell.

As the list below shows, the 63776 and 63368 zip code areas weren’t far behind. The slowest-selling St Charles County zip code in the past 30 days was the 63367 zip code area where th average time to sell a home was more Continue Reading →

Top Ten Cities In St Louis MSA Where Homes Sold The Fastest

Homes in Rock Hill sold faster in the past 30 days than in any other city in the St Louis MSA, according to the latest data available from MORE, REALTORS®. Homes that closed in the past 30 days in Rock Hill took an average time of just 12 days to sell.

As the list below shows, 6 of the 10 fastest-sold cities in the St Louis MSA were in St Louis County, 3 in St Charles County and 1 in Jefferson County.

Search St Louis Homes For Sale    Search St Louis Upcoming OPEN HOUSES Fastest SOLD Cities In Continue Reading →

St Louis County Home Sales Trend Down From A Year Ago But Remains Steady

There were 13,181 homes sold in St Louis County in the 12-month period ending September 30, 2019, a decline of 3.2% from a year ago when there were 13,618 homes sold in the prior 12-months. For September, the home sale trend ticked upward slightly and has been fairly steady the prior 4 months.

Prices on the rise and inventory is low in St Louis County..

As the STL Market Report for St Louis County below the chart shows, there is just a 2.45 month supply of homes for sale in St Louis County and the median price of homes sold Continue Reading →

St Charles County Home Prices Increase By Over 6 Percent In Past Year

The median price of homes sold in St Charles County during the past 12-months was $243,900, an increase of 6.09% from the prior 12-month period when the median price was $229,900. As the STL Market Report (an exclusive report available only from MORE, REALTORS®) shows, home sales declined over 5 percent during the same period and the inventory remains low with a listing supply of just 2.37 months.

As the STL Market Chart at the bottom illustrates (also exclusively available only from MORE, REALTORS®), home prices in St Charles County have had the normal, seasonal, fluctuations but have been steadily Continue Reading →

Jefferson County Home Sales Trend Holds Steady

There were 3,379 homes sold in Jefferson County in the 12-month period ending September 30, 2019, a very slight decline of about 1% from a year ago when there were 3,413 homes sold in the prior 12-months. For the past three months, the 12-month home sales trend in Jefferson County has been amazingly consistent, with data for July and September being identical and August being off by just 1 home sale.

Prices on the rise and inventory is low in Jefferson County..

As the STL Market Report for Jefferson County below the chart shows, there is just a 2.75 month Continue Reading →

St Louis Area Home Price Appreciation Tops 5 Percent In Past Year

The median price of homes sold in the St Louis 5-County Core Market during the past 12-months was $205,000, an increase of 5.13% from the prior 12-month period when the median price was $195,000. As the STL Market Report (an exclusive report available only from MORE, REALTORS®) shows, home sales declined nearly 3 percent during the same period and the inventory remains low with a listing supply of just 2.53 months.

As the STL Market Chart at the bottom illustrates (also exclusively available only from MORE, REALTORS®), home prices in the St Louis 5-County Core Market have had the normal, Continue Reading →

St Charles County Home Sales Trend Falls Back To Early 2016 Levels

There were 5,755 homes sold in St Charles County in the 12-month period ending September 30, 2019, a decline of 5.2% from a year ago when there were 6,070 homes sold in the prior 12-months. This is the lowest 12-month trend since February 2016 when there were 5,676 homes sold in the prior 12-months.

As the chart below illustrates, even with the declining trend in home sales in St Charles County, it is still significantly higher than back in 2014 and 2015.

Lack of listings in St Charles could be part of the problem…

As the STL Market Report for Continue Reading →

Downward Trend In New Home Construction In St Louis Eases In September

New home construction in St. Louis continued its decline, although at a lower rate, with 4,286 new home permits issued for the 12-month period ended September 30, 2019, a decline of 8.05% from a year ago when there were 4,661 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri. This is an improvement from the 12-month period ended August 31, 2019, when the decline was nearly 10% from the year before (9.74%).

As the table below shows, 4 of the 7 counties covered in the report saw a decline in new Continue Reading →

St Louis Home Sales Continue Downward Trend

Home sales in the St Louis 5-County Core Market for the 12-month period ended September 30th, 2019 were down just over 3% from the same period a year ago. During the same period, home prices in the St Louis 5-County Core market increased a little over 5% as the report below from MORE, REALTORS shows.

Inventory of homes for sale still favors sellers…

As the report shows, there is just a 2.44 month supply of homes for sale in the St Louis core market which means the St Louis market is still very much a seller’s market.

Search St Louis Continue Reading →

1-Story Homes In St Charles County Appreciated More Than 2-Story Homes In Past 10 Years

One story homes, often referred to as “ranch-style”, have always been popular, especially with ageing home buyers that don’t want stairs. With a large number of baby boomers that have become empty nesters, many of them are downsizing and one-story homes are often their style of choice as well. Whether this demand is the reason or not, one-story homes in St Charles County have outpaced 2-story homes in terms of home price appreciation over the past 10-years.

As the charts below show, one-story homes in St Charles County show, have increased in price from a median sold price of $116 Continue Reading →

Home Affordability Improves In St Louis During Third Quarter

Home affordability improved in the St. Louis metro area during the 3rd quarter, with 4 of the 7 largest counties seeing an improvement in their affordability index from the prior quarter and 5 of the 7 seeing an improvement in affordability from a year ago, according to the latest data from ATTOM Data Research.

The greatest improvement in affordability was in Franklin County.

As the table below shows, Franklin County saw a 12% improvement in housing affordability from the prior quarter and an 11% improvement from a year ago. Jefferson, St Charles and St Clair (IL) County saw improvements in Continue Reading →

Ten Fastest SOLD Cities In The St Louis MSA

Homes in Crestwood sold faster in the past 30 days than in any other city in the St Louis MSA, according to the latest data available from MORE, REALTORS®. Homes that closed in the past 30 days in Crestwood were on the market an average of just 21 days.

As the list below shows, 7 of the 10 fastest-sold cities in the St Louis MSA were in St Louis County, 2 in St Charles County and 1 in Jefferson County.

Search St Louis Homes For Sale    Search St Louis Upcoming OPEN HOUSES Fastest SOLD Cities In The St Continue Reading →

St Charles County Home Sales Trend Drops To 2015 Level

Yesterday, I shared information showing the home sales trend for the 5-county core St Louis housing market declined 3% but today am going to drill down a little further into the data. I wanted to look at the home sales trend in the 5 individual counties that make up the core market to see which are performing better or worse than the others.

All 5 counties had a decline in their home sales trend in August that was similar to the 5-County Core market, however, the extent of the change varied somewhat. St Charles County’s home sales trend, as our Continue Reading →

The Most Expensive Homes In St Louis

St Louis may be the 8th most affordable metro area in the country to buy a home, but it also has areas where home prices are much higher as well. The median price of homes sold in the St Louis metro area during the past 12-months is $184,500 however the average price of homes sold within the past 12-months has exceeded this in 85 of the 205 municipalities within the St Louis MSA.

Below is our list of the 30 cities with the highest average price of homes sold during the past 12 months. St Louis County has the majority Continue Reading →

The Jefferson County Zip Code With The Hottest Real Estate Market

Yesterday I identified the Zip Code in St Charles County with the hottest real estate market so today I’ll do the same for Jefferson County. I’ll save the long explanation I gave yesterday though about the importance of not looking at just one piece of data, how it takes a qualified agent with good data to really determine the health of a market, etc. If you missed that, you can get it in yesterdays article.

What is the hottest market in Jefferson County today?

Based upon some of the data contained in the charts and tables below, I would have Continue Reading →

The St Charles County Zip Code With The Hottest Real Estate Market

Which Zip Code in St Charles County is home to the hottest real estate market today? Well, it depends…

63376 based upon the zip code where homes are selling the fastest 63376 based upon where the inventory of homes for sale is the lowest 63367 based upon trending home sales 63341 based upon home price increases over the past year

I could go on, but the point I wanted to illustrate here is that there is no one piece of data, or one list or chart that is going to accurately depict what the “best” market is, or even the Continue Reading →

Strong Economy and Low Inflation Prompt Fed Reserve To Lower Interest Rates

Yesterday afternoon, the Federal Reserve released a statement that was quite a vote of confidence for how the economy is doing. The Fed Reserve’s statement included “…the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low.” and went on to say “Market-based measures of inflation compensation remain low;”.

As a result of the positive economic conditions, the Federal Open Market Committee announced it would lower the target range for the federal funds rate to 2 to 2-1/4 Continue Reading →

St Louis Area Percentage Change In Rent Since 2010 Over 15 Times Higher Than Change In Mortgages

The median rent for counties in the St Louis area in 2010 varied from a low of $620 in Franklin County to a high of $819 in St Charles County. By 2017 rents had increased to $736 and $993 respectively in those counties, according to the latest data available from the U.S. Census Bureau. As the table shows below, the increase in rents from 2010 to 2017 in St Louis area counties varied from 18.3% to 23.0% with a median increase of 18.75%.

For homeowners, the median cost of a mortgage in 2010 ranged from a low of $1,168 in Continue Reading →

Number of Housing Units In St Charles County Increased Over 10 Percent Since 2010-Little change in St Louis City and County

The number of housing units in St Charles County grew from a total of 141,355 units in 2010 to 156,324 units in 2018, for an increase of 10.6%, according to the latest data available from the U.S. Census Bureau. As the table below shows, during this same period, the number of housing units in St Lous County and St Louis City remained the same. The surrounding counties, Franklin, Jefferson and Warren, all saw fairly significant increases.

Estimated Number of Housing Units By St Louis Area County – 2010-2018

Search St Louis Homes For Sale    Search St Louis Upcoming Continue Reading →

Inventory of Homes For Sale is 1-Month or Less In Top 10 Sellers Markets In St Louis

The St Louis housing market has been low on inventory of homes for sale in many areas and many price ranges for the past couple of years. Even as the summer market is down to the last few weeks, we still find the market short on listings in many markets. With the inventory of homes for sale low, the market definitely favors sellers.

Our firm publishes a list showing the current inventory of homes for sale (in terms of months supply based upon the most recent sales trend) and below I show the top 10 St Louis area zip codes Continue Reading →

Maryland Heights and Maplewood Are Fastest Selling Cities in St Louis

The cities of Maryland Heights and Maplewood are currently tied for first place on the list of fasting selling cities in St Louis. As our table below shows, homes that sold in the past 30 days took an average of 15 days to sell in Maryland Heights and Maplewood. Seven of the 10 fastest selling cities are located in St Louis County, two in St Charles County and one in Warren County.

Search St Louis Homes For Sale    Search St Louis Upcoming OPEN HOUSES St Louis MSA’s Fastest SOLD Cities

(click on table for complete, live data)

Continue Reading →

St Louis Home Sales Continue Downward Trend – YTD Home Sales Lowest In 4 Years

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 →

St Louis Area New Home Construction Continues To Decline In Most Areas

For the 12-month period ended April 30, 2019, there were building permits issued for 757 new homes in St Louis County, a decline of 22.80% from the prior 12-month period, according to the latest data from the St Louis HBA. As the table below shows, St Charles County saw a decline of 6.38% during the same period. In February of this year, only two counties showed a downward trend in building permits, but in March that grew to 4 counties and for April, 5 of the 7 counties we are reporting on, show a decline in new home building permits. Continue Reading →

New Home Construction Trending Downward in Over Half The St Louis Area Counties

For the 12-month period ended March 31, 2019, there were building permits issued for 748 new homes in St Louis County, a decline of 23.60% from the prior 12-month period, according to the latest data from the St Louis HBA. As the table below shows, St Charles County saw a decline of 11.23% during the same period. Last month, those were the only two counties showing a downward trend, but, this month, Franklin County and the City of St Louis have also seen new home construction trend downward. Warren County again showed the greatest upward trend in new home construction Continue Reading →

St Louis Home Sale Trend Continues To Slow….Rising Price Trend Remains

Year to date, through the end of March, there have been 4,829 homes sold in the St Louis 5-County Core market, a decline of 6.3% from this time last year when 5,156 homes had 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 since with 25,583 homes sold in the 12 month period ending in March 2019.

Meanwhile, St Louis home prices continue Continue Reading →

The 10 Fastest Selling St Louis Cities

Homes that sold in St. John, Missouri within the past 30 days took an average of just 18 days to sell, putting St John in the number 1 slot of Fastest Sold cities in the St Louis MSA. As the table below shows, the cities that made the top 10 list are all on the Missouri side of the Mississippi, with 7 cities in St Louis County and 3 in St Charles County.

If you are a homeowner thinking of selling and see your city on this list, now would be a really good time to consider listing your home Continue Reading →

New Home Construction Trend In St Louis Is Down In St Louis and St Charles Counties

For the 12-month period ended February 28, 2019, there were building permits issued for 785 new homes in St Louis County, a decline of 21.11% from the prior 12-month period, according to the latest data from the St Louis HBA. As the table below shows, St Charles County saw a decline of 13.05% during the same period however the other counties reported on by the St Louis HBA are all showing increased new home building activity for the period. From a percentage standpoint, Warren County saw the biggest increase at 30.04%.

Search St Louis Homes For Sale    Search St Continue Reading →

St Louis Area Home Affordability Best In St Louis City

During the first quarter of this year, homebuyers in the City of St Louis needed to spend a median of just 16.9% of their annual wages to buy a median-priced home, according to data just released by ATTOM Data Services. This makes the City of St Louis the most affordable county to buy a home in the St Louis area. As the table below shows, St Charles County, where it takes 37.7% of annual wages to buy a median-priced home is the least affordable county for 1st quarter 2019.

On a positive note, St Charles County had an affordability index Continue Reading →

St Louis Home Sale Trend Slowing Slightly

Year to date, there have been 2,903 homes sold in the St Louis 5-County Core market, a decline of 3.6% from this time last year when 3,010 homes had 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 since with 25,756 homes sold in the 12 month period ending in February 2019.

Meanwhile, St Louis home prices continue to rise with the median Continue Reading →