January 2019

Found 1 blog entry for January 2019.

Welcome to another edition of Mark's Market Update. We're into 2019 and as you can see the weather is really cold out here, the lake is frozen and we're hoping to see a thaw in home sales going into 2019. The national news just reported that December of 2018 homes sales, fell to the lowest level since November 2015. We saw a major softening of sales in December 2018. With that said, I would like to summarize the St Louis County & St Charles County Market for the entire year of 2018. What Happened? We continually talked about Inventory Levels, Interest Rates and Prices. We saw that inventory levels in St Louis County were lower than the previous year by about 2.5%. However, we did see an increase in the Median Price by 5%. So, re: supply and demand,

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