Welcome to another edition of Mark's Market Update!
How did my projections end up for 2019 and what are they for 2020?
Prices: Higher overall percentage increase than expected. Although variances by area and price point widely fluctuated.
Sales: Fewer sales than expected due to lower inventory levels. Weakness in inventory continued throughout the year.
New construction: Many new construction developments throughout St. Louis, but not enough to offset low inventory levels due to a softness of existing homes for sale.
Interest rates: Great for buyers, remained at historical lows, although we did see a mid-year bump over 4% and settled under 4% by year end.
Multi-family: Multi-family investment prices continue to…