St Louis Real Estate Market Update VIDEO – February 2018

By , on February 27th, 2018

The real estate market in St Louis is off to a good start for 2018 so far! Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update video. In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!

Sell Your Home For The Highest Price In The Least Amount of Time! See how- STLSellersAdvantage.com Save Continue Reading →

Looking Back – 2017 Was A Good Year For Real Estate In The St Louis Area

By , on February 4th, 2018

Last year was a good year for the St Louis real estate market evidenced by increased home prices and sales in all counties in and around St Louis from the year before, with the lone exception being Franklin County which saw a decline in both home sales and prices from the year before.

As the table below illustrates, the St Louis MSA as a whole saw median home prices increase 2.99% in 2017 from the year before and home sales increase 4.14% during the same period. Date for the other counties is shown as well by clicking on the table.

Continue Reading →

St Louis Real Estate Market Update VIDEO – January 2018

By , on January 23rd, 2018

The St Louis real estate market closed out 2017 with an increase in both home sales and prices from the year before, both at a healthy and, hopefully, sustainable rates. Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update video. In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!

Sell Your Home For Continue Reading →

St Louis Real Estate Market Update VIDEO – December 2017

By , on December 14th, 2017

St Louis home sales are on pace to top last year! The inventory of homes for sale continues to be low and home price appreciation over the past year has been at at good, sustainable rate. Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update video. In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!

Continue Reading →

St Louis Real Estate Market Update VIDEO – November 2017

By , on November 15th, 2017

Will home sales this year fall short of last years total? Have home prices risen too much in St Louis? Is there still a shortage of homes for sale in St Louis? Find the answers, data behind the answers, as well as complete, and up to date, home price and sales data for the entire St Louis market, in our just released market update video.

In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Continue Reading →

St Louis Neighborhoods Where Homes SOLD The Fastest In Last 30 Days

By , on November 8th, 2017

As we head into the holidays and winter months, the St Louis real estate market is slowing as is typical, however, it is still going fairly strong. Below are the 10 St Louis metro area cities where homes sold the quickest, based upon the days it too homes to sell that closed in the last 30 days. The time it took homes to sell has only dropped slightly since we last published this list in late August. In late August the number 1 city on the list took 11 days to sell and #10 on the list, 20 days. Today’s Continue Reading →

St Louis Rental Vacancies At Lowest Rates In Over A Decade

By , on November 5th, 2017

The vacancy rate for rentals in St Louis during the third quarter of this year was 9.8%, significantly lower than the median vacancy rate of 11.5% for that quarter since 2004. The year to date median vacancy rate for 2017, through the first 3 quarters, is 8.1% which is tied with last years rate, the lowest in more than a decade. So it’s a good time to be a landlord in St Louis! (We work hard on this and sure would appreciate a “Like”)[iframe http://www.facebook.com/plugins/like.php?href=https%3A%2F%2Fwww.facebook.com%2FStLouisRealEstateNews&send=false&layout=standard&width=50&show_faces=false&font&colorscheme=light&action=like&height=35&appId=537283152977556 100 35 ] Search Rental Property For Sale In St Louis   Search Multi-Family Properties for Continue Reading →

Number of St Louis Homeowners With Negative Equity Continues To Drop In Most Areas

By , on October 30th, 2017

Over the past couple of years, as the St Louis real estate market has continued performing well, mortgage delinquencies and foreclosures have continued to decline. Rising home value has also caused the number of “underwater” homeowners, also known as homeowners in a negative-equity position (meaning their mortgage balance exceeds their homes current value) to decline as well. As the table below shows, 5 of the seven St Louis area counties listed saw a decline in the number of underwater properties in the 3rd quarter of this year from a year ago. The largest decline in underwater properties was St Charles Continue Reading →

St Louis City & County See Home Sales Fall In September While Prices Spike

By , on October 24th, 2017

The city and county of St Louis, collectively, accounted for nearly two-thirds of the home sales in the St Louis core-market during the past 12 months. There were 16,790 homes sold in the city and county of St Louis during the period October 1, 2016, through September 30, 2017, 61.0% of the 27,517 total number of homes sold in the 5-County Core St Louis real estate market during the period.

Home prices spike in St Louis City/County…

The median price of homes sold during the 12-month period ending September 30, 2017, was $174,900, a rather modest, but sustainable, 2.94% from Continue Reading →

St Louis Real Estate Market Update VIDEO – October 2017

By , on October 13th, 2017

Is there a market correction coming to the St Louis real estate market? Find the answer, data behind it, as well as complete, and up to date, home price and sales data for the entire St Louis market, in our just released market update video.

In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!

Sell Your Home For The Highest Price In The Least Amount of Time! See how- Continue Reading →

St Charles County Shows Most Improvement In Housing Affordability Of Missouri Counties During 3rd Quarter

By , on October 6th, 2017

St Charles County had the biggest improvement in the housing affordability index during the 3rd quarter of this year of any major County in the state of Missouri, according to a newly released report from Attom Data Solutions. St Charles County, with an affordability index of 109 (above 100 is more affordable than historic average, below 100 is less affordable), saw a 6.5% improvement in housing affordability from the prior quarter but a 2.4% decline from a year ago when the housing affordability index for St Charles County was 112.

The table below shows the housing affordability index for all Continue Reading →

Home Buyers; Do You Know What You’re Worth?

By , on September 15th, 2017

Home buyers for sale! Buy one get one free!

Ok, it’s not quite like that but, if you are a home buyer, odds are you have been bought and sold whether you know it or not! Does this sound surprising to you? I’m guessing it probably does as I don’t think most home buyers realize that, just like the homes they are shopping for, there is a market for home buyers (and sellers, of course) as well. I’m talking about “real estate leads”.

How home buyers are bought and sold…

Before I go further, or, especially if you are a Continue Reading →

Flipped Homes Accounted For About One In 13 Home Sales In St Louis During 2nd Quarter

By , on September 14th, 2017

Home flipping accounted for 7.3 percent of all the home sales in the St Louis MSA during the 2nd quarter of this year according to a report released today by Attom Data Solutions. This is a decrease of 15% from the prior quarter when 8.6% of the homes sold were flips and is an increase of 10.6% from a year ago when 6.6% of the homes sold in St Louis were flips, according to the report. For the purposes of this report, a “flip” was defined as a property that was sold in an arms-length sale for the second time Continue Reading →

Like The Weather, St Louis Housing Market Cooling

By , on September 8th, 2017

As we approach the fall season (officially referred to as “autumn”, it begins September 22nd) and the temperatures cool, St Louis home prices and sales are beginning to cool as well. There’s no reason for panic as this is normal due to the “seasonality” of the real estate market, however, we in the real estate business never like to see it arrive.

As the tables below for the St Louis MSA, as well as the counties that make up the St Louis real estate market, show, the St Louis real estate market as a whole, is now a “cooling seller’s Continue Reading →

Do Homes Sell Over Labor Day Weekend?

By , on September 1st, 2017

As we head into Labor Day weekend many people will be having friends and family to their homes for barbecues, parties and other get-togethers while other people may just be looking to a quiet weekend at home with family. In either event, if you have your home listed for sale, a showing, or showings, can be disruptive, to those plans and may prompt to you consider taking your home off the market for the weekend, or at least not permitting showings for the next 3 days. After all, it’s a holiday weekend, so what do you have to lose? People Continue Reading →

St Louis Neighborhoods That Sold The Fastest In The Last 30 Days

By , on August 28th, 2017

The St Louis real estate market typically hits its peak during the spring months then continues strong into summer. Come August, the housing market in St Louis tends to slow as families squeeze in vacations and school begins. After Labor Day we normally see an increase in activity until the market goes into something reminiscent of hibernation for the Thanksgiving and Christmas season.

Even though Labor Day is just a few days away, home sales that closed within the past 30 days show that homes are still selling quickly in St Louis. Below is our list of the 10 Continue Reading →

St Louis Real Estate Market Update VIDEO – August 2017

By , on August 13th, 2017

The St Louis real estate market continues to be strong… Get the latest information on St Louis area home prices, sales and the market, as well as why this information is important and even a quick example of how we use this type of information to help our clients, in our just released market update video.

In our MORE, REALTORS, 5 Minute St Louis Real Estate Market Update video below, you can quickly and easily get the latest information on home prices, home sales, trends and more for the entire St Louis area!

Sell Your Home For Continue Reading →

Should You Offer A Selling Agent Bonus When Selling Your Home?

By , on August 9th, 2017

This is another one of those topics where there are plenty of varying opinions however, for the sake of this article I’m going to take a look at it from purely a data-driven standpoint which, perhaps, is a little more objective approach. While it’s not that common, especially in a sellers market like a huge chunk of the St Louis real estate market has experienced for some time now, there are currently just 185 active listings in the St Louis MSA offering an agent bonus so just a tad over 1 percent of the 15,546 active listings in the St Continue Reading →

St Louis Metro Area Cities Where Homes Have Sold The Slowest In the Past 30 Days

By , on July 29th, 2017

The St Louis real estate market is hot, but there are some areas that are not as hot as others and are slower selling. While the hottest St Louis markets are seeing homes sell within a few days on average, there are some markets where homes are taking much longer to sell. Granted, as the table below shows, there are only two on the top 10 slowest markets list where the average is over 100 days (and still well below historic average times to sell) so even the slow markets, are pretty good today! Continue Reading →

Cities In The St Louis Metro Area Where Homes Have Sold The Fastest In The Past Month

By , on July 23rd, 2017

The St Louis real estate market continues to be like the weather, hot! Many neighborhoods through the St Louis area continue to enjoy a seller’s market, largely driven by a shortage of homes for sale, creating a low inventory. So where in the St Louis metro area are homes selling the fastest? While you would need to click on the list below to go the live data for the latest information from our site, as of the day I wrote this, Vally Park was number 1 on the list. During the past 30 days, homes that sold in Valley Park were on the market an average of only 4 days before selling! Continue Reading →

The Importance Of Accurate St Louis Home Price Data for Sellers and Buyers- Prices Down 19%?? Or Up 8%??

By , on July 14th, 2017

Yes, I often harp on the importance of having accurate information when it comes to the St Louis real estate market and, admittedly, am a data nerd, however, considering that a home sale or purchase is generally one of, if not the, largest financial transactions a person makes, I think it’s worth the effort to get it right. This is why at our company, MORE, REALTORS, we have spent thousands and dollars and thousands of hours of work over the course of several years to develop software for our agents, and clients, that provides what we feel is the most accurate and relevant information out there when it comes to St Louis home prices and sales information. Continue Reading →

St Louis Real Estate Market Update VIDEO – July 2017

By , on July 13th, 2017

Home prices are cooling slightly as we transition from the spring market to the summer market… Every year we see home prices reach their peak in the spring market which, depending on weather, the economy as well as other things, could be May or June typically, and then fall slightly as we go into the summer months. This year is no different and we are seeing the normal seasonal change in home prices but St Louis continues to have a strong real estate market and continues to favor sellers for the most part. Continue Reading →

The Importance Of Accurate Home Price Data And The Danger Of Bad Data

By , on June 24th, 2017

Ok, I’ll admit it, I know I’m sort of a big data nerd and not everyone is, so I may be in the minority when it comes to the attention I give, and time I devote, to market data, stats, trends and the like. However, while not everyone wants to study this stuff, anyone in the market to buy or sell real estate either needs to be up to date on what is going on in the market in terms of price (and the other stuff I mentioned) or be represented by a real estate agent that is. Otherwise, without this information or, worse yet, with bad information, home buyers and sellers can make some really bad decisions. Continue Reading →

St Louis Home Sales and Home Prices Are Both Up Over 5 Percent From A Year Ago

By , on June 22nd, 2017

St Louis continues to enjoy a pretty robust real estate market, albeit it a challenging one for buyers due to the low inventory of homes for sale in most areas, with St Louis home sales, during the past 12 months, up over 5 percent from the prior 12-month period and St Louis home prices up over 5 percent for the same period as well. Continue Reading →

No Listing Shortage Of Million-Dollar Listings In St Louis

By , on June 21st, 2017

The low inventory of homes for sale in St Louis comes up today in most conversations related to the St Louis real estate market. St Louis home buyers have struggled to get to new listings quick enough, and then make strong enough offers, to successfully beat out the competition. Well, while that may be the story for the majority of the St Louis real estate market, it is certainly not the story for the $1Million+ market. Continue Reading →

Home Flipping In St Louis Hits Highest Level In 8 Years

By , on June 15th, 2017

Home flipping accounted for 8.6 percent of all the home sales in the St Louis MSA during the 1st quarter of this year according to a report released today by Attom Data Solutions. This is an increase of 14.7% from the prior quarter when 7.5% of the homes sold were flips and is an increase of 6.2% from a year ago when 8.1% of the homes sold in St Louis were flips, according to the report. Continue Reading →

St Louis Real Estate Market Update VIDEO – June 2017

By , on June 15th, 2017

What a great time to be a home seller! This month, as the video below shows, there remains a shortage of homes for sale in many areas throughout the St. Louis area making it fun for sellers and challenging for buyers Listings that have been properly price, positioned in the market and marketed appropriately are selling in a matter of days in many areas and price ranges throughout St Louis.

Whether you are thinking of buying or selling and would like me to look at your situation and your market to determine the best strategy, just call, or text me, Continue Reading →

St Louis Real Estate Market Update VIDEO – May 2017

By , on May 9th, 2017

The St Louis market continues to be hot although there is a little downward pressure on pricing. This month, as the video below shows, the St Louis real estate market continues to be low on competition and favoring sellers although the home buyers out there are savvy and are not reacting to over-priced listings. Listings that have been properly price, positioned in the market and marketed appropriately are selling in a matter of days in many areas and price ranges throughout St Louis.

Whether you are thinking of buying or selling and would like me to look at your situation Continue Reading →

St Louis Spring Real Estate Market Snapshot

By , on May 9th, 2017

We are about half way through the spring real estate market in St Louis, normally the most active time of the year for the St Louis real estate industry, and, thus far, the 2017 spring market is shaping up pretty good! As our chart below illustrates, there were 4,582 homes sold in the 5-county core St Louis market during March and April of this year, an increase of 2.4% from last year when there were 4,473 homes sold and the median price per foot of those homes sold was $126 per foot in April, an increase of 6.8 percent from April 2016 when the median price per foot was $118. Continue Reading →

St Louis Real Estate Market Update VIDEO – April 2017

By , on April 19th, 2017

The supply of homes for sale continues to be a major impediment to the St Louis real estate market! This month, as the video below shows, every county in the St Louis core market area has seen the inventory of homes for sale (in terms of months of supply) decline from last month and last month was already low! In spite of the low, low inventory, home prices have remained reasonable and, in fact, we are seeing a little bit of a downward trend price-wise in some areas. With these things in mind, along with the fact that interest rates are sure to go up, there’s no better time to buy or sell than now! Continue Reading →

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