Inventory in DeBaliviere Place looks very different in this rolling three-month view than it did a year ago. Months of supply has surged to about 11 months, far above the roughly 3 months seen across St. Louis as a whole. Even with this higher supply, only 7 homes changed hands during the period, down more than a third from a year earlier.
Contract activity and new listings have both slowed from last year, with homes sold and pending sales each falling by around 35 to 40 percent year over year. Listings are staying on the market longer, with the median time at 29 days versus much shorter marketing times a year ago, which signals that buyers have more time to make decisions.
Pricing, however, has moved upward despite the slower pace. The typical home value over the rolling three months is up nearly 40 percent year over year, and the share of properties selling above list has climbed to about 43 percent. List prices are also higher than a year ago, and homes that do sell are closing at roughly 96 percent of list price. With local dynamics differing so much from the broader St. Louis market, both buyers and sellers in DeBaliviere Place can benefit from Agent Pronto’s help connecting with an experienced agent who understands these trends.
