For St. Louis homeowners considering selling their homes, the 2024 National Association of Realtors Profile of Home Buyers and Sellers offers valuable insights into current trends. According to the report, the median time a home spends on the market remains a swift three weeks, with 49% of all homes selling within just two weeks. For sellers, this indicates that pricing your home competitively and working with an experienced agent can lead to quick and successful sales.
Additionally, the median sales price continues to align with the listing price, holding steady at 100% of the asking price. This consistency underscores the importance of proper market preparation and strategy. Homes that linger longer on the market often see price adjustments, as highlighted by the data showing 65% of sellers did not reduce their asking price, while 21% made one adjustment.
Finally, homeowners’ motivations for selling reflect the changing dynamics of life. Whether it’s downsizing because a home feels too large (11%), relocating to be closer to family (23%), or moving due to a job relocation (7%), understanding these reasons can help sellers frame their decisions and goals effectively.
If you’re considering listing your St. Louis home, connect with the local experts at MORE, REALTORS® to ensure you’re informed and prepared for a seamless selling experience. The full 2024 NAR report is available below for further insights.
