St Louis Market Trends and Stats

Newest St. Louis Housing Stats – February 2022

(These figures compare real estate activity in February 2022 to February 2021)

Comments Below are from the St. Louis Realtors February 2022 Housing Report. (Emphasis/Highlights are from Finding Homes for You)

According to the National Association of REALTORS® , the U.S. real estate market remains hot ahead of the spring selling season, with existing home sales up 6.7 percent as of last measure. Experts attribute the growth in sales to an uptick in mortgage interest rates, as buyers rushed to lock down their home purchases before rates moved higher. Mortgage rates have increased almost a full percentage point since December, with the average 30-year fixed-rate mortgage briefly exceeding four percent in February, the highest level since May 2019.

New listings decreased 1.3 percent for residential homes and 13 percent for townhouse/condo homes. Pending sales decreased 3.7 percent for residential homes and 1.9 percent for townhouse/condo homes. Inventory decreased 22.7 percent for residential homes and 47.2 percent for townhouse/condo homes.

Median sales price increased 1.3 percent to $240,500 for residential homes and 5.7 percent to $185,000 for townhouse/condo homes. Days on market decreased 25.6 percent for residential homes and 23.9 percent for townhouse/condo homes. Months supply of inventory decreased 25 percent for residential homes and 52.9 percent for townhouse/condo homes.

Inventory was at an all-time low of 860,000 as February began, down 17 percent from a year ago and equivalent to 1.6 months supply. According to Lawrence Yun, Chief Economist at the National Association of REALTORS® , much of the current housing supply is concentrated at the upper end of the market, where inventory is increasing, while homes priced at the lower end of the market are quickly disappearing, leaving many first-time buyers behind. The shortage of homes is boosting demand even further, and with bidding wars common in many markets, it’s no surprise sales prices continue to soar.

Full Report: When Do the Most Homes Come on the Market in St Louis?

Click Here for the Full Report

Comments

If you’re a potential homebuyer, you must be wondering if prices are ever going to soften … and when. Many times a buyer finds about prices softening in a particular area weeks after the “softening prices” actually occurs!

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

When Do the Most New Listings Come on the Market?

The charts below will show you month by month over the past 3 years how many new listings came on the market on a monthly basis.
If you put your mouse over the graph lines you will see the actual numbers and how they change month to month.

St. Louis County New Listings

St. Charles County New Listings

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