Newest St. Louis Housing Stats -September 2021

(These figures compare real estate activity in September 2020 to September 2021

Comments Below are from the St. Louis Realtors September 2021 Housing Report. (Emphasis/Highlights are from Finding Homes for You)

Nationwide, existing home sales were down slightly in August, falling two percent after two consecutive months of increases, according to the National Association of REALTORS^® . The decline in existing home sales coincides with rising sales prices, which have continued to soar into fall, with the median sales price of existing homes up 14.9 percent compared to last year. Declining affordability has had a significant impact on homebuyers, many of whom have been priced out of the market and are choosing to wait for sales prices to ease before resuming their home search.

 New listings decreased 14 percent for residential homes and 1.8 percent for townhouse/condo homes. Pending sales decreased 10.2 percent for residential homes but increased 1.2 percent for townhouse/condo homes. Inventory decreased 23.4 percent for residential homes and 20.4 percent for townhouse/condo homes.

 Median sales price increased 8.2 percent to $265,000 for residential homes and 11.8 percent to $195,000 for townhouse/condo homes. Days on market decreased 29.4 percent for residential homes and 42.5 percent for townhouse/condo homes. Months supply of inventory decreased 25 percent for residential homes and 34.6 percent for townhouse/condo homes.

 There are signs the market may be shifting, however. New listings have continued to hit the market, bucking seasonality trends commonly seen in the fall, a time when listing and sales activity typically slows as children return to school. As inventory increases, competition for homes may soften, and could even bring a moderation in sales prices, which, after 114 months of year-over-year gains, would be music to the ears of homebuyers throughout the country.

Comments

If you're a potential homebuyer, the comment above "as inventory increases, competition for homes may soften" may have gotten your attention. Since we work for buyers only, we would love to see a more balanced market!  We would love to see some softening of prices.

The question is how will you know when and where sellers are lowering their price? 

Will you find out about it 30 days from now? What if you could just check for homes that have reduced their price NOW? Want to see homes that have lowered their price in the last 3 days, 7 days, 2 weeks, or last month?   We've got it covered! 

Click on over to our Price Checker  for some DIY research! (We included a tutorial for you once you get there)

St. Louis Area Market Trends

Links to More Communities for Median Prices 5 Year Period

Ballwin
Chesterfield
Wildwood
Brentwood
Maplewood
University City
Ladue
Kirkwood
Central West End

St. Louis City Median Sales Price 3 Bedroom Home Over the Last 5 Years

The charts below are interactive.  As you move your cursor (or finger on mobile devices)on the chart line you'll see the median price for each month going
back to 2016.

St. Louis City Median Days on Market During the Same 5 Year Period
How Long it Took a Home to Sell

St. Louis County Median Sales Price 3 Bedroom Home
Over the Last 5 Years

St. Louis County Median Days on Market During the Same 5 Year Period
How Long it Took a Home to Sell

St. Charles County Median Sales Price 3 Bedroom Home
Over the Last 5 Years

St. Charles County Median Days on Market During the Same 5 Year Period
How Long it Took a Home to Sell

Finding Homes for You Leads with Data

How can you know the trends and the pulse of any market without timely data?  You can't. If you would like to know more about a particular market we can provide you with so much more. To get started just tell us the basic items you need as outlined in the image below:

We Will Send You These Reports

Median Sales Price

Days on Market

Percentage the Sellers are Getting for Home

Example: Looking for 4 bedroom home with 2+ bathrooms in Parkway School District

Just enter that in the box below and we will get back to you with your reports in the same day.  Questions?  Call 636-532-4200