The St Louis real estate market is lagging a little behind last year in terms of home sales and the inventory of homes for sale is on the rise. While some of this is, of course, seasonal, perhaps some of it could be related to home prices increasing over the past year or so at a higher rate than the historical “norm” as well as may be reflective of the higher interest rates we are experiencing now versus last year.
While it’s still a seller’s market in some areas of St Louis and in some price ranges, our market indicators have more markets shifting to a buyers market or, at a minimum, a changing market. Seller’s won’t like to see this but it could be some welcome relief for home buyers that may be growing weary from bidding wars, getting beat out on the home they want and the like.
Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update video.
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