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St. Louis Real Estate Market Update for February 2025

By Dennis Norman, on March 7th, 2025

As of February 2025, the St. Louis real estate market continues to show strong growth. According to data from MORE, REALTORS®, the median sold price for homes in the stl msa update was $250,000, a 5.71% increase from the same time last year when the median sold price was $236,500. However, this month’s median sold price also represents a slight decrease of 2.53% from January 2025, when the median sold price was $256,500.

The median list price for homes in the stl msa update was also on the rise, with a 4.21% increase from February 2024, reaching $250,000. This indicates Continue Reading →

St. Louis Homes Requiring Fewer Showings to Sell Than Any Time in Over a Decade!

By Dennis Norman, on February 25th, 2025

January 2025 saw the lowest average number of showings before a home went under contract in over a decade—just 12 showings per pending sale. This marks a significant shift in the St. Louis real estate market, signaling strong demand and motivated buyers. To put this in perspective, the average number of showings needed in January has historically ranged from 13.1 in 2024 to as high as 15.9 in 2022 and 15.8 in 2015. This downward trend suggests that buyers are acting quickly and decisively, making it a prime time for sellers to enter the market.

For Continue Reading →

St. Louis Housing Market Outlook: What 2025 Price Forecasts Mean for You

By Dennis Norman, on February 19th, 2025

St Louis Realtors - St Louis Real Estate

According to CoreLogic’s latest Home Price Index (HPI) Forecast, U.S. home prices are expected to rise 4.1% year-over-year through December 2025. Nationally, home prices rose 3.4% from December 2023 to December 2024, showing a steady upward trend despite affordability concerns. In Missouri, home values have already reached record highs, and with mortgage rates still elevated, local buyers and sellers should prepare for a competitive market.

In the St. Louis metro area, the median home price was $255,000 in December 2024. Applying CoreLogic’s 4.1% projected price increase, that would push the median home price to approximately $265,500 by December Continue Reading →

St Louis Metro Area – January 2025 Real Estate Market Update

By Dennis Norman, on February 7th, 2025

The real estate market in the St. Louis Metropolitan Statistical Area (MSA) continued to show strong growth in January 2025, according to the latest data from MORE, REALTORS®. Homes in the stl msa update sold for a median price of $256000, representing an 11.33% increase from January 2024 when the median sold price was $229950. This also marks a 0.39% increase from December 2024, when the median sold price was $255000.

The median list price for homes in the stl msa update was $250000, a 9.17% increase from January 2024’s median list price of $229000. Despite the increase in prices, Continue Reading →

St. Louis Lawmakers Introduce Bills to Hold Negligent Property Owners Accountable

By Dennis Norman, on January 10th, 2025

St. Louis Lawmakers Push for Accountability on Vacant Property Violations

St. Louis lawmakers have introduced three significant bills aimed at increasing accountability for owners of vacant and deteriorated properties, building on the recent approval of Proposition V, which lifted a decades-old cap on fines for ordinance violations. With nearly 14,000 city properties having outstanding code violations and over 24,000 vacant properties in the city, these bills seek to address issues that have long plagued St. Louis neighborhoods.

The proposed legislation includes Board Bill 169, introduced by Alderman Michael Browning, which raises fines for vacant and deteriorated properties from $25 for the first violation to $100, with repeat offenses escalating to Continue Reading →

STL MSA Real Estate Market Update for December 2024

By Dennis Norman, on January 7th, 2025

The real estate market in the St. Louis Metropolitan Statistical Area (MSA) saw continued growth in December 2024, with a median sold price of $260,000. This represents a 9.24% increase from December 2023, when the median sold price was $238,000. However, there was a slight decrease of 1.89% from November 2024, when the median sold price was $265,000. These figures are based on data exclusively available from MORE, REALTORS®.

The median list price in December 2024 also saw an increase of 8.33%, rising from $240,000 in December 2023 to $260,000. This indicates strong demand for homes in the St. Louis Continue Reading →

Happy New Year from St. Louis Real Estate News!

By Dennis Norman, on January 1st, 2025

As we welcome the new year, it’s a perfect time to reflect on the past and set our sights on the opportunities ahead. Whether you’re planning to buy your dream home, sell your current property, or invest in the thriving St. Louis real estate market, 2025 promises to be an exciting year full of possibilities.

The St. Louis real estate market has remained a dynamic and diverse one, with opportunities for homeowners, buyers, and investors alike. From charming historic neighborhoods to bustling new developments, there’s something for everyone. As we kick off the year, now is the perfect time to Continue Reading →

St. Louis Real Estate Market Update for November 2024

By Dennis Norman, on December 7th, 2024

The St. Louis real estate market continues to show strong growth as we head into the end of 2024. According to the latest data from MORE, REALTORS®, the median sold price for homes in the stl msa update was $265,000 in November 2024. This represents a significant increase of 11.60% from November 2023, when the median sold price was $237,450.

However, there was a slight decrease in median sold price from the previous month, with October 2024 showing a median sold price of $277,000. This decrease of 4.33% is likely due to seasonal fluctuations and is not indicative of a Continue Reading →

Skip Black Friday Crowds for Real Estate Deals!

By Dennis Norman, on November 29th, 2024

While many rush to snag the best deals on TVs and appliances this Black Friday, savvy homebuyers know the real bargains might be waiting in the St. Louis real estate market. Homes with price reductions or fresh opportunities after a contract falls through can offer a golden chance to snag a deal on your dream home. Instead of battling holiday shoppers, consider browsing the incredible opportunities on WillingToNegotiate.com.

This website features homes in the St. Louis metro area where sellers are showing flexibility. Whether you’re eyeing a property with a recent price cut or one that’s back on the market, Continue Reading →

St. Louis Real Estate Double Bubble: A 25-Year Retrospective on Home Sales Peaks

By Dennis Norman, on November 14th, 2024

St Louis Housing Double Bubble - Home Sales Trends from 1999 to Present

The St. Louis real estate market has experienced significant fluctuations over the past 25 years, highlighted by two notable peaks that suggest a “double bubble” phenomenon. The trend chart, based on a rolling 12-month sales data, captures these market dynamics clearly. The first peak in 2005 saw home sales reach approximately 38,039 units, coinciding with the national housing bubble. This peak was followed by a substantial decline, with sales dropping by about 25.5% by 2008. The second peak occurred in 2021, with home sales climbing to around 43,058 units, driven by low interest rates and shifts in housing demand due Continue Reading →

stl msa update: September 2024 Real Estate Market Update

By Dennis Norman, on October 7th, 2024

The real estate market in the stl msa update continues to show strong growth as we head into the fall season. According to the latest data from MORE, REALTORS®, the median sold price for homes in the stl msa update was $270,000 in September 2024, a 4.85% increase from the same time last year when the median sold price was $257,500.

While there was a slight decrease of 1.82% in median sold price from August 2024, when it was $275,000, this is still a positive sign for the market. The median list price also saw an increase of 7.60% from Continue Reading →

St. Louis Real Estate Market Update: August 2024

By Dennis Norman, on September 8th, 2024

The St. Louis real estate market saw a slight increase in median home prices during August 2024, with homes selling for a median price of $275,000. This is a 3.77% increase from August 2023, when the median sold price was $265,000. However, compared to July 2024, there was a decrease of 3.51% in median sold price, when it was $285,000.

According to the chart below, provided exclusively by MORE, REALTORS®, the median list price for homes in the St. Louis MSA also saw an increase of 7.84% from August 2023, with a current median list price of $275,000. However, there Continue Reading →

St. Louis Real Estate Market Update as of August 2024

By Dennis Norman, on August 7th, 2024

The St. Louis real estate market continues to show strong growth, with the median sold price for homes in the stl msa update reaching $288,500 in July 2024. This represents a 6.89% increase from the same time last year when the median sold price was $269,900. However, there was a slight decrease of 3.80% from June 2024, when the median sold price was $299,900.

The median list price for homes in the stl msa update also saw an increase, reaching $280,000 in July 2024, up 5.70% from July 2023. This indicates that sellers are able to command higher prices for Continue Reading →

St Louis Metro Area: June 2024 Real Estate Market Update

By Dennis Norman, on July 7th, 2024

As of June 2024, the stl msa real estate market continues to show strong growth. According to data exclusively from MORE, REALTORS®, the median sold price for homes in the stl msa update was $299950, a 9.07% increase from June 2023. This also marks a 9.07% increase from May 2024, when the median sold price was $275000.

The median list price for homes in the stl msa update was $290000, a 9.43% increase from June 2023. Despite the increase in prices, there were 2800 home sales in June 2024, a decrease of 18.60% from June 2023.

The chart below illustrates Continue Reading →

Median Home Prices Continue to Rise Throughout the St Louis Metro Area in May

By Dennis Norman, on June 7th, 2024

The latest data from MORE, REALTORS® reveals that the St. Louis Metropolitan Statistical Area (stl msa) real estate market is showing no signs of slowing down. In May 2024, the median sold price for homes in the stl msa reached $275,000, a 7.84% increase from the same month in 2023 when the median sold price was $255,000.

Compared to the previous month, May 2024’s median sold price of $275,000 also saw a 5.81% increase from April 2024’s median sold price of $259,900. This steady growth in home prices is a positive sign for sellers in the stl msa.

Additionally, the Continue Reading →

Smaller, Personalized Homes Dominate 2024 Trends: Insights from NAHB Study

By Dennis Norman, on February 29th, 2024

The dynamics of the new home market are shifting significantly as we advance into 2024, with a clear trend towards smaller, more personalized living spaces emerging nationwide. This evolution reflects a broader change in homeowner preferences and market conditions, according to the latest “What Home Buyers Really Want” study by the National Association of Home Builders (NAHB).

Recent data points to a decline in the average size of new homes, continuing a trend that began following a brief uptick in 2021. The average new home size has decreased to 2,411 square feet in 2023, marking the smallest average size in Continue Reading →

St Louis Metro Area Real Estate Market Report for January 2024 with accurate data you can trust

By Dennis Norman, on February 14th, 2024

The St. Louis Metro Area Real Estate Market Report for January 2024, presented below, provides an overview of the St Louis real estate market for each county within the St Louis MSA. This infographic is a unique offering from MORE, REALTORS, which is renowned for its expertise in St. Louis real estate market intelligence. Additionally, our brokerage prides itself on having a team of the most experienced and knowledgeable agents who are deeply committed to serving our clients throughout the St. Louis metro area.

St Louis Metro Real Estate Report for January 2024

(click on infographic for complete report Continue Reading →

Market Overload: Report Reveals Surplus of Agents in Real Estate

By Dennis Norman, on January 16th, 2024

In their report, “A Surfeit of Real Estate Agents: Industry and Consumer Impacts,” the Consumer Federation of America (CFA) sheds light on a pressing issue in the real estate industry: the overwhelming number of agents. This surplus, as detailed in the report, is not just a numbers game; it’s a matter of market efficiency and service quality, deeply affecting both agents and consumers in markets like St. Louis.

While I may not always agree with the Consumer Federation of America’s views, including certain aspects of this report, many of their points echo my own observations at MORE, REALTORS®. We constantly Continue Reading →

St Louis Metro Area Real Estate Market Report for December 2023 with accurate data you can trust

By Dennis Norman, on January 15th, 2024

The “St. Louis Metro Area Real Estate Market Report for December 2023, presented below, provides an overview of the St Louis real estate market for each county within the St Louis MSA. This infographic is a unique offering from “MORE, REALTORS, which is renowned for its expertise in St. Louis real estate market intelligence. Additionally, our brokerage prides itself on having a team of the most experienced and knowledgeable agents who are deeply committed to serving our clients throughout the St. Louis metro area

Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES

St Louis Metro Continue Reading →

St. Louis Foreclosure Filings Plummet: Find Out What’s Happening in Your County

By Dennis Norman, on January 12th, 2024

The St. Louis MSA has seen a notable decrease in foreclosure filings in the fourth quarter of 2023, with the numbers falling to 851, a 19% reduction from the previous quarter. When we look at the year-over-year data, the decline is even more significant, showing a 46% drop from the fourth quarter of 2022. This downward trend suggests a potentially stabilizing real estate market in the St Louis metro area, with fewer properties entering foreclosure.

Within this broader picture, certain counties have experienced remarkable changes. Monroe County, for instance, recorded a sharp increase of 60% in foreclosure filings from Q3, Continue Reading →

Is the REALTORS’ Clear Cooperation Policy Aiding Market Fairness or Fueling Legal Battles?

By Dennis Norman, on December 27th, 2023

Recently, the real estate industry has found itself under increasing legal scrutiny, with multiple lawsuits challenging established norms. A critical point of debate is the REALTORS’ Clear Cooperation Policy. This policy mandates that within one business day of marketing a property to the public, agents must list the property on the MLS. While designed to promote transparency and cooperation among real estate professionals, it’s worth asking: Is this policy partly to blame for the industry’s legal challenges, or does it genuinely foster a fair and open market in compliance with the Sherman Antitrust Act?

The Sherman Antitrust Act, a cornerstone Continue Reading →

NAR Aims to Dismiss Moehrl Suit: Summary Judgment Motion Marks Latest Turn in Landmark Real Estate Case

By Dennis Norman, on December 22nd, 2023

Earlier this week, on Tuesday, December 19, 2023, the Moehrl v. National Association of Realtors (NAR) lawsuit saw a flurry of activity. Motions for summary judgment were filed by the remaining defendants, including the National Association of REALTORS® (NAR), Keller Williams Realty, Inc., BHH Affiliates, LLC, The Long & Foster Companies, Inc., HSF Affiliates, LLC and HomeServices of America, Inc. Notably, two other defendants, Realogy (now known as Anywhere) and Re/Max, had previously reached a settlement agreement with the plaintiff, which is currently pending court approval.

With the exception of Keller Williams Realty, Inc., all of the real estate brokerage Continue Reading →

St Louis Metro Area Real Estate Market Report for November 2023 with accurate data you can trust

By Dennis Norman, on December 6th, 2023

The St. Louis Metro Area Real Estate Market Report for November 2023, presented below, provides an overview of the November 2023 St Louis real estate market for each county within the St Louis MSA. This infographic is a unique offering from MORE, REALTORS, which is renowned for its expertise in St. Louis real estate market intelligence. Additionally, our brokerage prides itself on having a team of the most experienced and knowledgeable agents who are deeply committed to serving our clients throughout the St. Louis metro area

Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES

St Continue Reading →

Indications Lean Towards DOJ in NAR Legal Battle: Insights from Appellate Court’s Oral Arguments

By Dennis Norman, on December 2nd, 2023

In yet another pivotal moment for the real estate industry, oral arguments were made yesterday before a three-judge panel at the United States Court of Appeals for the District of Columbia Circuit in the ongoing battle between the National Association of REALTORS (NAR) and the Department of Justice (DOJ). The panel, consisting of Circuit Judges Henderson, Walker, and Pan, will now deliberate and make a ruling in the future, a decision that could significantly impact the industry.

The case centers on NAR’s attempt to prevent the DOJ from reopening an investigation into the organization’s commission-sharing policies. The dispute revolves around Continue Reading →

St Louis Real Estate Market Report for October 2023 with accurate data you can trust

By Dennis Norman, on November 16th, 2023

The St. Louis Real Estate Market Report for October 2023, presented below, merges data from both the City and County of St. Louis. This infographic is a unique offering from MORE, REALTORS, which is renowned for its expertise in St. Louis real estate market intelligence. Additionally, our brokerage prides itself on having a team of the most experienced and knowledgeable agents who are deeply committed to serving our clients throughout the St. Louis metro area

We invite you to dive deeper into our comprehensive demographic, which also sheds light on the St Charles, Jefferson and Franklin County markets as well Continue Reading →

St Louis Real Estate Market Report for September 2023 with accurate data you can trust

By Dennis Norman, on November 4th, 2023

The St. Louis Real Estate Market Report for September 2023, presented below, merges data from both the City and County of St. Louis. This infographic is a unique offering from MORE, REALTORS, which is renowned for its expertise in St. Louis real estate market intelligence. Additionally, our brokerage prides itself on having a team of the most experienced and knowledgeable agents who are deeply committed to serving our clients throughout the St. Louis metro area

We invite you to dive deeper into our comprehensive demographic, which also sheds light on the St Charles, Jefferson and Franklin County markets as well Continue Reading →

St. Louis Housing Market Trends: Navigating the Shift in Supply and Pricing

By Dennis Norman, on October 28th, 2023

The St. Louis housing market is undergoing some noteworthy changes, according to the latest data from MORE, REALTORS®. As of today, the supply of homes for sale in St. Louis stands at 1.43 months, a slight uptick from the 1.38-month supply reported at the end of September and the highest level in over 3 years. Additionally, the median price has settled at $260,000, and nearly half (48%) of the active listings have reduced their asking price from their original figures.

A Closer Look at Pricing Trends Two additional reports from MORE, REALTORS® offer a nuanced view of the market’s pricing Continue Reading →

St Louis Real Estate Market Report for August 2023 with accurate data you can trust

By Dennis Norman, on September 13th, 2023

The St Louis Real Estate Market Report for August 2023 is below and combines data for the City and County of St Louis. ¬†This data is presented by MORE, REALTORS, recognized as a leading authority in St Louis real estate market intelligence. ¬†We invite you to dive deeper into our comprehensive demographic, which also sheds light on the St Charles, Jefferson and Franklin County markets as well by tapping on the image below.

Navigating the St Louis property landscape requires precision…

In the current property climate, likened to a complex chess match, the price for ill-informed decisions can be high. Continue Reading →

St Louis Real Estate Market Report for July 2023 with accurate data you can trust

By Dennis Norman, on August 14th, 2023

Below is the St Louis Real Estate Market Report for July 2023 for the City and County of St Louis combined from MORE, REALTORS®, one of the most trusted sources for St Louis real estate market data and information. You can access the full infographic, containing data for St Charles, Jefferson and Franklin Counties as well by clicking on the image below.

The current St Louis real estate market leaves little room for errors…

The real estate market today is like a tough game where making wrong decisions based on poor information can cost you. With few homes listed and Continue Reading →

St Louis Real Estate Market Report for June 2023 with accurate data you can trust

By Dennis Norman, on July 14th, 2023

Below is the St Louis Real Estate Market Report for June 2023 for the City and County of St Louis combined from St Louis Real Estate Search (the Official site). You can access the full infographic, containing data for St Charles, Jefferson and Franklin Counties as well by clicking on the image below.

In the relentless tug-of-war that characterizes today’s real estate market, it’s imperative not to base your choices on misguided data!

The present property market leaves little room for errors, thanks to a deficit of listings and aggressive buyer interest. A combination of these factors has sparked not Continue Reading →