The Gellman Team Real Estate Blog

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.

345 Views, 0 Comments

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....

902 Views, 0 Comments

Great news St Louis, the temperatures are rising out of the single digits and hopefully that will bring out the sellers.

Still a significant seller's market, but spring will bring 60%+ increase in inventory. Interest rates over the last couple years have had little to no impact on the market. Per CNBC report, something to think about, if it continues to be a seller's market and interest rates increase; buyers may be priced out of the market.

Over the next few months it's important to pay attention to inventory levels and over the next 6 months to a year, it is important to pay attention to interest rates.

327 Views, 0 Comments

 

It was a remarkable three days with some of the brightest real estate minds in the United States. We met to review best practices, discuss market trends and ways to improve the real estate experience for our clients. Consistent with our market, there is a significant weakness in inventory in all of my colleagues markets from the East Coast to the West Coast and in between.

Great homes that are priced right, prepared for sale, and marketed to the highest level are seeing high list to sale prices, and in many cases multiple offers over asking. Even though the markets are very strong, buyers are still demanding the latest trends.

If you or anyone you know is moving to a different market, we are able to connect you with the best of the best

341 Views, 0 Comments

Statistics for the last 10 years of active inventory in St. Louis County, St. Louis City, St. Charles County and Jefferson County.

When evaluating St. Louis County, St. Louis City, St. Charles County and Jefferson County combined, as of today there are 5,502 active listings (properties for sale). This is the lowest amount of active listings in the history of the last 10 years.

For reference purposes, in July 2008 there were 19,112 active listings in those same areas. Even this date in 2014 there were 8,539 active listings. However, as we have discussed in previous Mark's Market Updates, each location, price point has a different inventory level.

The market definitely needs more "mover up" homes, so that first time home owners can enter the

427 Views, 0 Comments

What is happening in the market in St Charles? Under $600,000, the market is extremely strong, however, for mid-market, buyers are looking for different options. Overall, St Charles is performing well on certain price points. Watch Mark's Market Update video for more information!

1,300 Views, 0 Comments

 

Want to buy a home? Search all homes for sale

Want to sell your home? Get a free home value report

 

Now that Thanksgiving is over and the winter season is upon us, what can prospective buyers and sellers expect from the St. Louis market over the next two months?

If you plan on selling your home, get your home on the market now. There is a weakness in inventory and there are still a lot of very motivated buyers out there. Some of these buyers were unable to buy over the spring and summer as a result of  a very competitive market. Since inventory has been very weak over the third quarter, there are still buyers that were not able to buy and are very motivated to.

Homes that are priced right, prepared to sell, marketed to the

770 Views, 0 Comments