Is the worst of the St. Louis housing slump behind us?
Building Blocks, a blog on the Saint Louis Post-Dispatch’s website, recently posted an interesting article entitled “Is the worst of the St. Louis housing slump behind us?”
The market is strange. I sold more St. Louis, MO, homes in 2008 than ever before in my 10 year career as a Realtor. But I noticed sales starting to slump in late October 2008. The winter has been tough.
Fast forward to the present…my 20 St. Louis Metro area house listings are starting to get activity. People in all price ranges are starting to look again. Buyers are choosier than they used to be. They spend a great deal of time looking at every option. I showed one couple 35 properties. Everyone seems to think that the amazing deal is out there.
In my central and west county market, the Selling Price to List Price ratio is just over 95% since Jan 1. This should show you that the buyers who are successfully closing are paying pretty close to asking price.
It’s hard to tell if the slump is over, or if we are just seeing the Spring up-tick. But one thing I know is certain:
Russell Nolting
http://www.NoltingRealEstate.com
Category : First Time Homebuyers in St. Louis &Home Buyer and Seller Tips &Moving to/from St. Louis &Real Estate Sales in St. Louis &St. Louis Real Estate Buyers &St. Louis Real Estate Sales Statistics
