In St. Louis, 10% of listings might sell for less than their purchase price, up from last year. Sellers who bought post-pandemic face a 16% risk of selling at a loss, similar to national data. The market shows strong demand for affordable homes, but St. Louis sellers are more likely to incur losses than peers in other Midwestern cities. Despite potential losses, most sellers profit from home sales, with 94% nationally selling for more than purchase prices. Sellers may opt to wait for better offers or rent homes instead of accepting a loss.
In St. Louis, 10% of all listings are at risk of selling for less than homeowners bought them for, an increase from last year and the sixth highest among the top 50 metros.
16% of sellers who bought post-pandemic are at risk of losing money on the sale, compared to a similar 16% nationwide.
The Gateway City bucks regional trends, with sellers far more likely to sell at a loss than affordability bulwarks like Detroit and Cleveland.
Typically, sellers facing a financial loss will wait for a buyer willing to pay the asking price or rent their home instead of accepting a loss.
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