In an attempt to stay on top of the impact of COVID-19 on the real estate market in St Louis, here are the numbers for housing activity since the report on April 9, 2020. (Click here for April 9 report.)
Between April 10 and April 29, 2020, there have been 587 homes come on the market in St Louis City and St Louis County. There have been 1,434 go under contract during that same period.
A breakdown by price point of these totals, indicates that in the $0 to $300,000 price range, there were 357 new listings and 739 went under contract. In the $301,000 to $600000, during this period, there were 144 new listings and 288 that went under contract. In the $601,000 plus price range there were 86 new listings and 69 went under contract during this time period. (If these numbers don’t add up, it’s because something happened in between the searches.)
Agents and buyers are keeping to the CDC suggestions. Currently the guidelines for showings during COVID-19 are: Everyone should wear a mask. All parties should maintain 6 ft Social Distancing. Sellers – open all doors prior to showings, including closet doors, and a few cabinet doors. Protect yourself by wearing gloves. Use sanitizer wipes to wipe down any doorknobs prior and after use. Practice Social Distancing and maintain a 6 foot distance between yourself and any other parties. Do NOT touch anything in the home. Open houses are not permitted unless they are virtual. A lot of agents are providing virtual tours to help buyers and agents more productive in their search.
Here is a sample tour that I made – definitely not perfect but it provides thee ambience.
Here is an updated graph of showing activity in the metropolitan area. There is not too much difference between the years at this point.
Well, there are some positive results from shelter-in-place, at least for me. I am definitely becoming more mindful.