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New Program Positions YOU as the Expert

Housing Report For St. Louis City and County

January 2016 Median home price:

$144,900

up 9% Compared to $133,000 in January 2015

63%

were $199,999 or less

24%

were $200,000 - $499,999

12%

were $500,000 or more

All comparisons for same month year-over-year

5,976 active listings

Months of inventory

down 5%

5.7 ( )

Compared to 6,291 in January 2015

Compared to 7.5 in January 2015

Days on market

1,040 single family

126 ( )

up 23%

Compared to 180 in January 2015

Compared to 846 in January 2015

Data used in this report courtesy of MARIS. View online at: http://www.stlrealtors.com/housing-report.

6 | Spring 2016 — REALTOR® Report

homes sold

In February, we launched the St. Louis Association of REALTORS® Housing Report, which covers real estate sales activity for St. Louis County and City. The Housing Report will be issued mid-month of every month. Each month’s Housing Report will provide a market snapshot of Key Performance Indicators (KPIs) such as median sales price, number of homes sold and days on market – with year-over-year comparisons. Our St. Louis REALTORS® Housing Report consists of an infographic, like the one shown on the left, and corresponding news release. The first report was January 2016. As you can see on the infographic, the median sales price was up 9 percent and sales volume up 23 percent in St. Louis for January (compared to the same month the year before). On the other hand, the number of listings, days on market and housing inventory were all down. This data point to a seller’s market, but not overly so; 5.7 months of housing inventory is fairly balanced between supply and demand, with 6.5 months considered the ideal balance. Besides media, we also encourage St. Louis REALTORS® to post the infographic and disseminate the data from our Housing Report, which can be found at our website, www.stlrealtors.com/ housing-report.

Our Vision: To be the voice for real estate in greater St. Louis. This new program supports that vision. You can participate– and create your niche – by sharing the St. Louis Association of REALTORS® Housing Report each month through your SOI (sphere of influence). You’ll demonstrate that St. Louis REALTORS® – specifically YOU – know what’s happening in the market. Positioning the John R. Gormley is the Chief Executive Officer for association as the the St. Louis Association of voice and you as REALTORS®. Contact him at the expert... I call jgormley@stlrealtors.com. that a win-win!

St. Louis REALTOR® Report | Spring 2016  
St. Louis REALTOR® Report | Spring 2016  
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