Mark's Market Update: Temperature's Rising in St Louis, Time to Bring Out the Sellers!
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.
Start your buying or selling experience here with the Gellman Team for all St. Louis homes for sale and real estate.