The First 9 Months of 2019 Compared With 2018

Posted by Mark Gellman on Tuesday, October 15th, 2019 at 10:21am.

 

 What our local market looks like moving into the fourth quarter of 2019.

Want to sell your home? Get a free home value report 
Want to buy a home? Search all homes for sale

 

How was the market for the first nine months of 2019 versus 2018? I’m going to give you some great statistics that will give you insight.

St. Louis County:
As you may have read and heard, there is a shortage and weakness in the inventory. We saw that new listings were down by 4.6%, while overall sales were down 3.5%. However, the great news is that sales prices for those sellers were up 7.5%.

In St. Louis City: Consistently, inventory levels decreased year over year by 7.2%, while again, prices were up 6.1%, and overall closed sales were down just 0.5%.
 
St. Charles County: Inventory levels were down 7.3%, and closed sales were down 6.3%. However, sellers again saw considerable benefits. Those that were able to sell saw an increase of 5.9% in prices. 

"As you may have read and heard, there is a shortage and weakness in the inventory."


Overall, compared with 2018 we have a weakness of inventory, fewer closed sales, and increasing prices, but interest rates still incredibly low. It’s a wonderful time to sell, and if you're a buyer, there's still going to be some great opportunities.

If you have any questions about buying, selling, or investing in real estate don’t hesitate to call, email or text me, I would be glad to help you.
 
Mark Gellman
314-578-1123
info@thegellmanteam.com
 

Click here to register for a FREE Pie!

Leave a Comment