Reflections on 2012

by Chuck Roper 20. December 2012 05:50

We are busy wrapping up 2012, evaluating our business results and market conditions.  Overall, we feel very good about residential real estate in St. Louis.  In virtually every price segment, we have experienced increased activity, stable pricing and declining inventory.   Importantly, house sales did not "fizzle out" after the summer selling season, as we experienced in 2011.  Whether it was the favorable stock market, a case of pent-up demand or perhaps it was just unseasonably warm weather, but whatever the reason, we continued to experience good sales through the Fall. 

Here are a couple of our observations.  The most positive news is that the number home sales is up 18% through November in St. Louis Central Corridor.  Second, we have experienced modest price gains in the 2-4% range.   Third, we are so pleased to see that inventory levels have come down from 9 months of inventory in the beginning of the year to around 5 months at the end of the year.

We are grateful for the support of our loyal clients, our hard working agents and the cooperation of lenders, surveyors, inspectors and all the professionals with whom we work to close each and every transaction.   

Thank you for a memorable year!

Janet

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