KELLER WILLIAMS REALTY SAINT LOUIS REAL ESTATE REPORT ON THE STREETS WITH KELLER WILLIAMS: SUMMER HITS WITH LIMITED INVENTORY!
The Saint Louis real estate market has been hot in 2013. Active Inventory Levels have been far below average in most parts of Saint Louis. In fact, the number of newly listed properties in St. Louis County is down 5.05% year-to-date. Lack of new inventory and increased buyer activity — up 12% in the area — has led to a near record low “Months of Inventory” reading of 4. Four (4) months of inventory, according to the National Association of Realtors (NAR), is a solid Seller’s Market. With increased demand and lack of supply, we are beginning to see average sale price increase across the region. The average home in St. Louis county in May 2013 sold for $213,662. Last May (2012), the average sale was $188,426. To date in 2013, we’ve experienced a 2.32% increase in average sale price in the County and a 16.63% increase in St. Louis City. Another positive sign is the Average Days to sell a home in St. Louis. For 2013, we’ve seen a 13.45% decrease in “Days on Market” across St. Louis county. The average now stands at 95 days to sell a home. The St. Louis City average is 96 days.
Active Inventory Levels 8,000 6,000
5013
4,000 2,000 0 Jul-12
Oct-12
Jan-13
Apr-13
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KELLER WILLIAMS REALTY SAINT LOUIS REAL ESTATE REPORT NEIGHBORHOOD SALES TRENDS The chart shows changes in Pending Transactions, Listing Inventory (supply), and Sold Properties over the Past 12 weeks as compared to the previous 12 weeks. The far western parts of St. Louis County and Franklin county are currently experiencing great increases in Pending sales and Sold units. More established neighborhoods such as Ladue, University City, Clayton, and Maplewood/Richmond Heights are tracking below baseline for new contracts. After unusually brisk winter/early spring sales activity in the entire area, we are beginning to see sales volume returning to normal. We expect the year to end considerably better than 2012 in both Sales Volume and Number of Units Sold. For more detailed information about a particular school district, neighborhood, or zip code, contact your Keller Williams Realty Saint Louis agent.
School District
Pending
Supply
Sold
105.3%
11.0%
62.1%
Parkway Central
82.6%
1.1%
76.1%
Parkway West
74.4%
4.7%
53.6%
Kirkwood
74.3%
17.6%
40.5%
Eureka
65.9%
11.8%
50.7%
Parkway South
65.4%
-2.5%
81.9%
Rockwood Summit
64.7%
9.0%
137.5%
Affton
63.9%
6.6%
50.0%
City Downtown
62.5%
7.5%
12.0%
City South
60.5%
17.7%
42.6%
Brentwood
57.9%
16.7%
37.5%
Baseline
55.3%
9.9%
46.9%
Oakville
55.0%
15.6%
43.9%
Marquette
54.6%
10.3%
80.6%
Parkway North
53.5%
23.0%
76.2%
Lindbergh
53.5%
-5.3%
25.2%
Ladue
50.5%
13.7%
36.4%
City Central East
50.0%
6.5%
17.1%
University City
47.9%
11.3%
20.5%
Webster Groves
43.5%
10.7%
53.1%
Mehlville
34.1%
5.9%
50.4%
Valley Park
25.8%
-7.9%
25.0%
Clayton Maplewood/Richmond Heights
14.1%
-3.2%
58.5%
11.4%
16.0%
-13.2%
Lafayette
S A I N T L O UI S 314.677.6000 10936 MANCHESTER ROAD S A I N T
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