For some time now, home buyers wanting to buy a home in St Charles County have not had a lot of listings to choose from and have had to move fast. Based upon the current market data, I don’t see that situation changing, at least not in the near future.
As the chart below shows, home sales in St Charles county (the blue line) have been on the rise with the peak in spring/early summer this year topping the level hit last year and meanwhile, the time it is taking homes to sell (the black line) has been on the decline and hit the lowest level for the past few years in June of this year.
As the chart below shows, home prices in St Charles county (black line is median list price, blue line is median sold price) have been on the rise however, the percentage of asking price that homes are selling for in St Charles County has not decided but, in fact, has increased. As the chart shows, homes are currently selling for 98% of the original list price, up from 97% a year ago, and for 99% of the current list price at time of sale, up from 98% a year ago.