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St. Louis Real Estate-Market Watch May 17th, 2008

http://stlouisrealestatevoice.com Posted by wagart45 47 days ago

The St. Louis Real Estate Market this week is exhibiting more signs of improvement as active listings are increasing and accepted contracts increasing. These events have pushed the pending ratios up in most price ranges, with the average pending ratio better than 2 percent higher than two weeks ago. We are also seeing the average listing price inching upward a bit-another good sign. We’ll see if the average sales price inches up along with it in the months that follow.

For the most part, our inventory still remains in that “Transitional” area of 5–7 months. This is all great news for sellers in the marketplace, as sales are stronger and pricing

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