Mark's Market Update: Mark's Interview on KMOX 1120 with Mark Reardon on the "Mark Reardon Show” and “Total Information PM”

Posted by Mark Gellman on Friday, June 1st, 2018 at 6:53pm.

Mark's Market Update: Listen to Mark's Interview on KMOX 1120 with Mark Reardon on the "Mark Reardon Show” and “Total Information PM”

Welcome to another edition of Mark's Market update, taking place at KMOX 1120 am with our good friend Mark Reardon, host of The Mark Reardon Show and Total Information PM. Listen to the entire interview for market insights. Per S&P CoreLogic Case-Shiller index for March, National home prices rose 6 1/2%, there is 3.8 months of inventory, which is lower than 1990 levels, and home prices will continue to rise. Per Mark Gellman, when evaluating the following markets: St. Louis, St. Louis City, Jefferson County, St. Charles for Month of May 2018 to date vs same period 2017; unit sales down 10%, prices up 2.5%, $ /sq ft up 5% and Days on Market are lower. Majority of areas have less than 2.5 months of inventory. This strong market is all happening, in an increasing interest rate environment. New construction will have a positive impact on sales, but it is putting pressure on those re-sales that are competing with the new construction. Move in homes are performing very well. We recommend sellers put their homes on the market while the market is strong and there is demand. If you have any questions about buying, selling or investing, please do not hesitate to call, email or text

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