The First 9 Months of 2019 Compared With 2018
What our local market looks like moving into the fourth quarter of 2019.
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%.
"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.
Start your buying or selling experience here with the Gellman Team for all St. Louis homes for sale and real estate.