Nearly All of St Louis MSA Still A Sellers Market

By Dennis Norman, on February 21st, 2019

Even though it’s that time of year when the real estate market in St Louis slows down, we are still in a seller’s market in most of the St Louis metro area based upon the supply of homes for sale.  Historically, a 6-month supply of homes for sale would be considered a “balanced” market, not favoring sellers nor buyers.  If the supply drops below 6 months, it favors sellers as there is less competition for them and above 6 months it favors buyers.

Currently, 14 of the 17 counties that make up the St Louis MSA have a supply of homes for sale under 6 months.  Two of the three counties that favor buyers, Macoupin and Calhoun, are in Illinois with St Francois County being the only Missouri County and it just barely made the list with a 6.26 month supply.

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