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What’s happening in the St. Louis area real estate market this month?
I wasn’t exactly right when I predicted back in February and March that inventory levels would significantly increase as we entered the spring. We thought that by now we would have significant increases in inventory and there would be additional options for buyers. Thus, there would be somewhat of a shift from a seller’s market to a more balanced market.
In many areas, however, we continue to see inventory levels hovering around two to three months, which still reflects a seller’s market. It appears the simple law of supply and demand still rules. We’re still seeing top…