market research
June 2020 St. Louis Area Housing Report
St. Louis City & County Housing Report
From St. Louis Association of REALTORS®
“While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers.
New listings decreased 5.3 percent for residential homes but increased 1.4 percent for townhouse/condo homes. Pending sales increased 12.6 percent for residential homes and 17 percent for townhouse/condo homes. Inventory decreased 31.3 percent for residential homes and 11.2 percent for townhouse/condo homes.
Median sales price remained flat at $235,300 for residential homes but increased 9.5 percent to $180,000 for townhouse/condo properties. Days on market increased 2.6 percent for residential homes but remained flat for townhouse/condo homes. Months supply of inventory decreased 30.0 percent for residential homes and 3.7 percent for townhouse/condo homes.
While buyer activity continues to be robust, seller activity continues to be a bit softer, with fewer homes being listed for sale than a year ago. Many housing experts believe sellers remain reluctant to list their homes due to continued concerns over COVID-19, which was beginning to see a resurgence in June. Until sellers regain confidence, housing inventory will continue to be constrained during what is expected to be an active summer selling season.”
Source: https://www.stlrealtors.com/content/uploads/2020/07/Housing-Report-Infographic.pdf
Full Report: https://www.stlrealtors.com/content/uploads/2020/07/MARIS-Report-June.pdf
St. Charles County Housing Report
Ready to take the next step?
Whether you're buying, selling, or thinking about a move, we're here to help. No pressure, no jargon.
Book a Free Consultation