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 in terms of low inventory.  As the table below shows, the Maryland Heights area (63043 zip) has the lowest inventory with what equates to about a 2 week supply of homes for sale and number 10 on the list, the 63101 zip in the city of St Charles, has just a 1-month supply.

Historically, a 6-month supply of homes for sale has been considered by many in the industry to be a balanced market not favoring buyers or sellers.  Of the 96 zip codes contained in the St Louis 5-County Core market, the list below represents, only 13 of the zip codes (13.5%) have a listing supply of 6 months or more.

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St Louis 5-County Core Market Months Supply Of Active Listings By Zip

(click on table for live data and complete list)

St Louis 5-County Core Market Months Supply Of Active Listings By Zip

Low Supply Of Homes For Sale In Many St Louis Neighborhoods

Many St Louis area cities and towns continue to experience a low supply of homes for sale making it a competitive market for buyers in those areas.  In fact, as of today, there are 8 cities in the St Louis area with just a two-month or less supply of homes listed for sale!  If you live in Rock Hill and have considered selling, NOW would be the time as Rock Hill has the lowest supply of homes for sale in the area with a listing supply of just over two-thirds of a month supply and Crestwood is not far behind with just eight-tenths of a months supply.

The chart below shows the 8 St Louis area cities with a two-month supply of listings or less as of the time of this article, click on the list to be taken to our entire real-time list showing current data for the entire area.

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St Louis Area Months Supply Of Active Listings

St Louis Area Months Supply Of Active Listings

                 Source: MORE, REALTORS – Copyright 2015 – All Rights Reserved