As you get ready to head to the stores today for all those Black Friday bargains, perhaps you should jump on St Louis Real Estate Search and find a few houses to look at as well? Well, if you have been thinking about buying a home, you would do well to buy now rather than wait for spring. As the table below shows, based upon data just released from ATTOM Data Solutions, people in Missouri that buy homes in October, November or December get the best deals of the year! This may account for the fact that there were 25% more homes sold during the 4th quarter than during the 1st quarter.
Now is the BEST time to buy in St Louis!
As the chart at the bottom shows, home prices in St Louis have hit their lowest point during January in 2 of the prior 3 years and in February on the third one. These prices are reported as of the closing of the sale, so if prices are typically the lowest on homes that closed in January, given that the typical sale takes 4-6 weeks to close, that makes from now until the end of the year the best time to buy a home in St Louis from a value standpoint!
Best Time Of Year To Buy A Home
St Louis 5-County Home Prices and Sales – Past 36 Months
Source: STL Market Charts – MORE, REALTORS
