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St. Louis Real Estate Search

 

Where are the buyers markets in St Louis?

Where are the buyers markets in St Louis?

With all the talk lately about many St Louis neighborhoods going from the doldrums to a sellers market many would-be home buyers (and investors) are asking where are the buyers markets are in St Louis?  The are looking for the areas where the opportunity still exists to negotiate a better deal and not have to worry about getting caught in a multiple offer situation like we are seeing in some of the hotter markets today.  While the upside to a buyer’s market is less competition and perhaps a better price, the downside is there is a reason it’s a buyers market and that could mean your “good price” may not look so good 6 months or a year from now or, if you do time it right, then it may.

The perfect resource for finding a buyer’s market is our Market Action IndexTM which looks at market forces, primarily supply and demand, and then assigns the market a value.  Our index runs from 0 to 60 with a 30 being a balanced market.  As the index goes above 30, the higher it goes the hotter the market is and the more of a seller’s market it is.  The lower the score goes below 30 the colder the market is and the more of a buyers market it is.  It’s important to note, that our index has nothing to do with price, so it may be a seller’s market but prices may be flat or even falling, and it could be a buyers market and prices could be rising.

The table below is real-time, meaning it will change as the data changes, but at the time I am writing this, there are only 11 St Louis markets we would consider a buyers market and many of them are not that far into buyer’s market territory.  At the top of the list is the 63122 zip area of Des Peres, with a 22.

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