It’s crucial REALTORS® understand local housing trends in order to best help buyers and sellers make decisions about timing, pricing, location, negotiations and so much more. That’s why St. Louis REALTORS® provides a monthly Housing Report – to help our REALTORS® maintain their edge.
According to MARIS (Mid America Regional Information Systems) MLS year-over-year statistical data, the median sales price in February 2018 rose an impressive 12% at $165,000 from February 2017 median of $146,000. While median days on market remained flat year over year at 36, decrease in February’s 2018 numbers included single residential home sales dropping 5% at 1,025 from the February 2017 sales of 1,083. The number of active listings was down 8% at 3,306 compared to 3,583 in 2017 and months of inventory were down 2% at 3.23 from 3.31.
Check out our new housing report video – and share it too!
President Marc Levinson says “Now is not the time to go-it-alone…”
St. Louis REALTORS® is the voice of over 7,000 REALTORS® in the Greater St. Louis area. As one of the top 40 of over 1,100 local REALTOR® associations nationwide, St. Louis REALTORS® provides valuable tools to real estate professionals, successfully advocates for private property rights and unites REALTORS® in community projects.