How Strong Is the St. Louis Real Estate Market Right Now?
The St. Louis market is showing extreme strength right now. We went through a bit of a softening at the end of last year, but with the increased strength of the stock market and a decreasing level of inventory, we are back to seeing a strong market.
A majority of areas in St. Louis are in seller’s markets because of this limited inventory. Buyers are getting caught up in multiple offers, and many of them are having to pay over asking price to secure their properties. Homes that are move-in ready and priced right are selling very quickly right now.
If you have any questions for us about the market, the value of your home, available homes in your area, or “coming soon” homes in your area, let us know. We can let you know about those listings that are “coming soon” from sellers who plan on selling but are not on the market yet. We’ve been finding great success with our buyers on these types of homes.
We expect the spring market to have a bit more inventory and balance things out a little bit more between buyers and sellers. For right now, however, we are in a seller’s market.
"We expect inventory to pick up as we transition into spring."
If you have absolutely any questions about real estate or if you’re looking to buy or sell a home, give us a call or send us an email. We would love to hear from you.
Start your buying or selling experience here with the Gellman Team for all St. Louis homes for sale and real estate.