June 2019

Found 1 blog entry for June 2019.

 

Welcome to another edition of Mark's Market Update. Great news for buyers - interest rates hit a 2 year low! Now, what is happening in the market? We talk about St. Louis County, St. Louis City, St. Charles, and Jefferson County, as markets we track. We look at SALES UNITS, not sales dollars because when prices go up and the sales units go up or stay the same then overall volume increases. We are focused on what happened re: the NUMBER of PROPERTIES SOLD May 2019 vs May 2018. When we look at St. Louis County, sales units were down 10%, St. Louis City sales units down 3%, St. Charles sales units were down 12%. The interesting thing is that in all of those markets the INVENTORY UNITS were actually higher. St. Louis County inventory units

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