The First 9 Months of 2019 Compared With 2018

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

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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
[email protected]

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