The Gellman Team Real Estate Blog

We’ve been in a seller’s market thus far in 2018, but there are still pockets where buyers have the advantage. Moving forward, we’re hoping for an increase in inventory.

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What’s been happening in the St. Louis real estate market in 2018 now that spring is here?

Market activity thus far has been very consistent with what we saw in 2017, especially during last year’s third and fourth quarters. Inventory has been light, and it’s been a seller’s market. In fact, we evaluated all inventory levels over the past 10 years and found that January 2018 had the lowest inventory levels of that 10-year period.

Now that spring is upon us, we’re hoping

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Our next client appreciation event is coming up soon. Will we see you there?

We’re so excited to let you know that you’re invited to our second annual client appreciation bowling party. By now, you should have received your invite in the mail, but I wanted to remind you not to miss this great upcoming event.

Sunday, April 29th, from 2-6pm
Saratoga Lanes
2725 Sutton Blvd
Maplewood, MO 63143

Bring your friends and family out for a great time with bowling, pool, darts, food, and drinks. We’re so excited to celebrate a fantastic 2017 and an even better 2018.

You can RSVP here.

If you have any other questions or would like more information, feel free to give me a call or send me an email. We look forward to seeing you soon.

Want to buy a

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Welcome to another edition of Mark's Market Update. In advance of the Holiday weekend, we wish you a Happy Passover and Happy Easter!! Finally, a change. A change in the weather, after 2 1/2 weeks of miserable rain. Pools are beginning to open and flowers are beginning to bloom, which we are optimistic, will be the start of the "Spring Season" and inventory will increase. This week we saw an approximate 1% increase in inventory. However, we did see a surprising increase in interest rates to 4.6% and close to 4.7%. If you have questions about the value of your home value (click the below link), if you have other questions about buying, selling or investing (please call, email or text). Thank you and have a fantastic weekend.

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Welcome to Mark's Market Update. CONSISTENCY that is the word for the week. Consistent inventory levels and consistent interest rates. Almost like groundhog day. The biggest change for the week was the decline in the stock market, which may adds to buyer's insecurity about the Real Estate market and may impact down payments. We will have to watch the stock market also. One of the reasons for light inventory is many sellers have confidence their home will sell (if priced right, prepared for sale, and marketed to the highest level), but are worried they will not find the right home, once the sell, as a result of light inventory. This is a legitimate concern and a reason many of our client's are "Double Moving". Although not ideal, it makes the seller

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Welcome to another addition of Mark's Market Update.  March Madness is here and so is the Spring Market.  We have carefully watched interest rates and inventory levels over the last few weeks.  Interest rates for a 30 year conventional are approximately 4.5%, consistent with the past few weeks, but an increase of 1% over the last 6 months; impacting buyer's buying power.  When reviewing overall inventory in St. Louis and St. charles County, units are down 9% over 2017 and 20% over 2016; while average price points have increased 7% over 2017 and increased over 20% over 2016.  Prices up and supply and demand dictating the selling market.  Sellers, it is time to get your homes on the market.  If you have questions about buying, selling, investing or

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Welcome to another edition of Mark's Market Update.  Consistent with the past couple of weeks, interest rates have steadied and inventory levels continue to be low.  As the weather turns and we enter the spring market, we expect inventory to pick up.  Sellers, start getting your home ready by working on the exterior and interior.  Curb appeal is important, with updated landscaping, fresh mulch and flowers.  Pools should be open for the beginning of showings.  Interior updates should include de-cluttering, painting, removing wall paper, new carpet (if current worn) and other "move in ready" updates.  Buyers are still very critical and those homes prepared for sale, are seeing premiums being paid.  If you have any questions about buying, selling,

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Welcome to another edition of Mark's Market Update. Over the last few weeks we have been discussing 2 key drivers of the real estate market. 1) Interest Rates and 2) Inventory Levels. Good news that interest rates, which had been climbing over the last month, have stabilized this past week. A 30 year loan is approximately 4.5%, which is consistent with last week's rates. We have seen a slight increase in inventory levels, which is great news for buyers and will have little impact on existing homes, as the uptick was only a small percentage. However, some great new homes came on the market this week and we would expect to see multiple contracts and some selling for over asking price. We would expect to continue to see great homes coming on the market

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Welcome to another edition of Mark's market update. Two things that have been a common theme over the last couple months have been inventory levels and keeping an eye on interest rates.

Interest rates over the last few weeks have increased 3/4% +, while we have not yet seen inventory levels increase. When evaluating St Louis County, St Charles County, St Louis City and Jefferson County as a whole, it is a clear seller's market with less than 3 1/2 months of inventory. However, as we evaluate each of these markets, Jefferson County is more of a balanced market, and if inventory levels increase will become a buyer's market, with 5 1/2 months of inventory. St. Louis County, of the markets reviewed, has the least amount of inventory and is the most

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Welcome to another edition of Mark's Market Update. The ups and downs and ups and downs of the stock market and the impact it has had on consumer confidence and buying. Also interest rates continue to rise and inventory levels remain low. Any questions about buying, selling or investing, don't hesitate to call email or text.

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Mark's Market Update.. Listen to Mark's Interview on KMOX 1120 with Mark Reardon on the "Mark Reardon Show” and “Total Information PM”.  The Gellman Team is proud to be endorsed by Mark Reardon.  Mark has first-hand knowledge of how The Gellman Team does business; as he not only is a great friend, but also a client.  He sold a home and bought a home from our team in 2017.  In review, we discussed, buying, selling, preparing your home for sale, inventory levels and other.  If you have any questions about buying, selling or investing, let me know....

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