Mark's Market Update - Interest Rates and Inventory Levels

Posted by Mark Gellman on Monday, November 4th, 2019 at 11:53am.

 

Welcome to another edition of Mark's Market Update from the location of my first job and still one of my favorite restaurants; Sportsman's Park Restaurant and Bar in the heart of Ladue.

Inventory is up, sales are down, interest rates are historical low. Great news for buyers, with some great buying opportunities. Sellers whose homes are sitting on the market, in great areas, where homes are not selling - be patient. If the home is in an area where a softening of sales is occurring, you may want to "get ahead of the market" and adjust the price. Lastly do not worry about the winter coming up, it's a great time to sell - less inventory, serious buyers and less competition -- Keep your home on the market, unless the home has specific "wow - buts" that the home should be listed in the spring. If you have any questions about buying, selling or investing, do not hesitate to call, email or text.

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