Statistics for the last 10 years of active inventory in St. Louis County, St. Louis City, St. Charles County and Jefferson County.
When evaluating St. Louis County, St. Louis City, St. Charles County and Jefferson County combined, as of today there are 5,502 active listings (properties for sale). This is the lowest amount of active listings in the history of the last 10 years.
For reference purposes, in July 2008 there were 19,112 active listings in those same areas. Even this date in 2014 there were 8,539 active listings. However, as we have discussed in previous Mark's Market Updates, each location, price point has a different inventory level.
The market definitely needs more "mover up" homes, so that first time home owners can enter the market and those sellers of those homes, have new homes to go to.