St Louis Home Sales Decline Slightly While Prices Rise

Home sales in St Louis declined a little over 2 percent during the most recent 12-month period from the prior period while the median price of homes sold in St Louis rose 4.4%, according to the latest data from MORE, REALTORS.

St Louis home sales are trending downward slightly as well, as illustrated by the chart below.  The light green line depicts year to date home sales for the St Louis 5-county core market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) and reveals that through June of this year, there have been 13,237 homes sold and, at the same time last year, 13,466, a decline of 1.7% in year to date sales.


St Louis 5-County Home Sales & Home Prices

(click on the table below for live report and complete data)

St Louis 5-County Core Market YTD & Past 12 Months Home Sales

St Louis 5-County Core Market YTD & Past 12 Months Home Sales

 

St Louis’ ‘Hot’ Housing Markets

saint-louis-real-estate-dennis-normanAs the St Louis real estate market continues to show signs of improvement in many areas, as I often talk about, real estate is very local, so markets within a metro area can behave quite different.  Aware of this, many home buyers, particularly home buyers relocating to St Louis, want to know what are the “hot” markets, or the markets that have definitely begin to come back?  Sellers want to what the hot markets are as well with the hope they will see their city or zip on the list.  I think the best way to answer this question and to get a quick idea of the health of a local market, is the “Market Action Index” (MAI)  which looks at, among other things, supply and demand and then determines how hot or cold a market is.  The table below (which is real-time data so will change if you come back later and check it out again) shows the top 25 cities/zips in St. Louis based upon the MAI.  Of course, there is no one chart or piece of data that can tell you the health of a market as there are many factors that need to be taken into account, but this is a good place to start.

Continue reading “St Louis’ ‘Hot’ Housing Markets

St. Louis Real Estate Market and St. Louis Home Prices Update; May 2012

dennis-norman-st-louis-realtor-real-estate-Below is a video update on the St. Louis Real Estate Market that I prepare monthly. In this video I do a quick recap of the news in the St Louis real estate market for the month as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St. Louis Real Estate Market and St. Louis Home Prices Update; May 2012

Report shows home prices stabilizing;  St Louis home prices in March increase almost 3 times national rate

dennis-norman-home-prices-realtor

A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in March 0.6 percent from the year before and increased by 0.6 percent from the month before.  Excluding distressed sales, month-over-month home prices increased for the third month in a row. If we take distressed sales out of the picture then the year-over-year home prices increased 0.9 percent.  According to the report, St. Louis home prices declined by 3.4 percent in March 2012 compared to March 2011. Excluding distressed sales, year-over-year prices increased by 1.7 percent in March 2012 compared to March 2011. Continue reading “Report shows home prices stabilizing;  St Louis home prices in March increase almost 3 times national rate

St. Louis Real Estate Market and Home Prices Update; April 2012

dennis-norman-st-louis-realtor-real-estate-Below is a video update on the St. Louis Real Estate Market that I prepare monthly.  In this video I do a quick recap of the news in the St Louis real estate market for the month as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St. Louis Real Estate Market and Home Prices Update; April 2012

St. Louis Real Estate Market and Home Prices Update; March 2012

dennis-norman-st-louis-realtor-real-estate-Below is a video update on the St. Louis Real Estate Market that I prepare monthly.  In this video I do a quick recap of the news in the St Louis real estate market for the month as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St. Louis Real Estate Market and Home Prices Update; March 2012

St. Louis Real Estate Market and Home Prices Update; February 24, 2012

dennis-norman-st-louis-realtor-real-estate-Below is a video update on the St. Louis Real Estate Market that I prepare weekly. In this video I do a quick recap of the news in the St Louis real estate market for the week as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St. Louis Real Estate Market and Home Prices Update; February 24, 2012

You Too Can Own a Castle!

judy-sepac-st-louis-realtor-185-stuartOn Sunday, my husband, daughter and I toured the Stuart Castle located in Eureka, MO. We had previously arranged to have 2 Brokers and another Realtor accompany us on the tour, but they were unable to attend. My husband was a bricklayer/stonemason and he was excited to see the Work that was done here.

When We arrived at this gem of a private and secluded property We had to open the gates to gain entry to the main drive to the mansion. I unlocked the gate and slid it open. I began to take photos & a video of the grounds and this architectural Wonder that was built with so much love and labor. (Don’t stop now, continue reading to see the video tour and photos!) Continue reading “You Too Can Own a Castle!

St. Louis Real Estate Market and Home Prices Update; February 17, 2012

dennis-norman-st-louis-realtor-real-estate-Below is a video update on the St. Louis Real Estate Market that I prepare weekly. In this video I do a quick recap of the news in the St Louis real estate market for the week as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St. Louis Real Estate Market and Home Prices Update; February 17, 2012

St. Louis Real Estate Market and Home Prices Update; February 10, 2012

dennis-norman-st-louis-realtor-real-estate-Below is a video update on the St. Louis Real Estate Market that I prepare weekly. In this video I do a quick recap of the news in the St Louis real estate market for the week as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St. Louis Real Estate Market and Home Prices Update; February 10, 2012

St. Louis Real Estate Market and Home Prices Update; February 3, 2012

dennis-norman-st-louis-realtor-real-estate-Below is a video update on the St. Louis Real Estate Market that I prepare weekly. In this video I do a quick recap of the news in the St Louis real estate market for the week as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St. Louis Real Estate Market and Home Prices Update; February 3, 2012

St. Louis Real Estate Market and Home Prices Update;January 27, 2012

Below is  a video update on the St. Louis Real Estate Market that I prepare weekly.  In this video I do a quick recap of the news in the St Louis real estate market for the week as well as an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St. Louis Real Estate Market and Home Prices Update;January 27, 2012

St. Louis Real Estate Market and Home Prices Update;January 20, 2012

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St. Louis Real Estate Market and Home Prices Update;January 20, 2012

St Louis Home Sales Increase in December; Inventory down to near normal level

Dennis Norman

St Louis home sales in December increased 2.3 percent from the month before and were up 3.3 percent from a year ago.  The increase in St Louis home sales follows suit with the trend in U.S. home sales as reported today by the National Association of REALTORS® which shows existing home sales in December were at at a seasonally adjusted-annual rate of 4.61 million units, an increase of 5.0 percent from the month before and an increase of 3.6 percent from a year ago.

Continue reading “St Louis Home Sales Increase in December; Inventory down to near normal level

Where is the St Louis Real Estate Market Headed in 2012?

dennis-norman-st-louis-real-estate-market-forecast-2012Shortly after finishing my video recap of the 2011 St Louis Real Estate Market I began analyzing our market data and giving thought to the 2012 St. Louis Real Estate market.  The end result?  The MORE St Louis Market 2012 Forecast.   For a link to my 15 minute video as well as a downloadable report, please submit your name and email address here and you will receive it immediately. Continue reading “Where is the St Louis Real Estate Market Headed in 2012?

St Louis Real Estate Market 2011 Recap

I just finished producing a video recapping the 2011 St. Louis Real Estate Market which includes, charts, graphs and facts about what took place in the St. Louis Real Estate market last year as well as where it ended up at year end.

This is a compliment to the weekly market update videos I produce that you can check out on our YouTube Channel, our facebook page or now you can subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)

Continue reading “St Louis Real Estate Market 2011 Recap

St Louis home prices fall in November at higher rate than U.S. average

Dennis Norman, St Louis REALTOR - U.S. Home Prices - September 2011A report released this morning by CoreLogic, one of the nations leading providers of property information shows that St Louis home prices fell in November 4.7 percent from the year before and declined by 3.8 percent from the month before.  In November, the decline of home prices in St. Louis outpaced U.S. home prices which were down 4.3 percent from a year ago and 1.4 percent from the month before. Continue reading “St Louis home prices fall in November at higher rate than U.S. average

St. Louis Real Estate Market and Home Prices Update – December 16, 1011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – December 16, 1011

St. Louis Real Estate Market and Home Prices Update – December 9, 1011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – December 9, 1011

St. Louis Real Estate Market and Home Prices Update – November 11, 2011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – November 11, 2011

Report shows St. Louis home prices fell in September more than U.S. average

Dennis Norman, St Louis REALTOR - U.S. Home Prices - September 2011

St. Louis home prices have declined at a higher rate in September than the U.S. average. A report released this morning by CoreLogic, one of the nations leading providers of property information shows that U.S. home prices in September declined 4.4 percent from the year before and by 1.1 percent from the month before however, St. Louis home prices (the five-county “core” of St Louis City, St Louis County, St. Charles County, Franklin County and Jefferson County) declined 7.3 percent in September from the month before and were down 8.1 percent from the year before. Continue reading “Report shows St. Louis home prices fell in September more than U.S. average

St. Louis Real Estate Market and Home Prices Update – November 4, 2011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – November 4, 2011

St. Louis Real Estate Market and Home Prices Update – October 28, 2011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – October 28, 2011

St. Louis Real Estate Market and Home Prices Update – October 21, 2011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – October 21, 2011

St. Louis Real Estate Market and Home Prices Update – October 14, 2011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – October 14, 2011

St. Louis Real Estate Market and Home Prices Update – October 7, 2011

Weekly I produce a short video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here.

NEW! You can now subscribe to our ITUNES Podcast Channel to receive our updated market videos via podcast automatically each week! Just click here, then click on “Subscribe Free”.)

Continue reading “St. Louis Real Estate Market and Home Prices Update – October 7, 2011

St Louis Real Estate Market Update – May 6, 2011

Weekly I produce a short (roughly 5 minute) video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St Louis Real Estate Market Update – May 6, 2011

St Louis Real Estate Market Update – April 29, 2011

Weekly I produce a short (roughly 5 minute) video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed.  (Check out all our market update videos on our YouTube Channel – click here. Continue reading “St Louis Real Estate Market Update – April 29, 2011

St Louis Real Estate Market Update

Weekly I produce a short (roughly 5 minute) video update on the St. Louis Real Estate Market that is published on various web sites. I do a quick recap of the news in the St Louis real estate market for the week, then an overview of the St Louis housing market itself. The update includes charts with up to the date data on the St Louis housing market including St Louis home prices, average time to sell a home in the St Louis area as well as other data and charts to show where the St Louis real estate market is and where it is headed. Continue reading “St Louis Real Estate Market Update

Advice to sellers from a St. Louis REALTOR – final post in the series

By: Dennis Norman

We’ll pick up where we left off after parts one and two of this series about selling a home in this market:

Question- Now for the $64 question, how should a seller properly price their home in this market?

Answer- In today’s market sellers are in fierce competition with one another for buyers. A seller can do everything right in presenting their home from maintenance and upkeep to staging, but if the price is not appropriate buyers will move on quickly. The simple truth is, there is another seller around the corner ready to set their price to appeal to the buyer pool. Unfortunately, an over-priced listing in today’s market sticks out like a sore thumb. A professional REALTOR(R) should be able to assist a seller in pricing their home appropriately for today’s buyer. Continue reading “Advice to sellers from a St. Louis REALTOR – final post in the series