The number of neighborhoods in St Louis that are currently seller’s markets has dropped in the past month but the majority (63%) of the St Louis neighborhoods we track still favor the seller over the buyer according to our Market Action Index.
So, where are the buyer’s markets in St. Louis? Well, the list looks similar to what we have seen for a while although the position on the list has changed for many areas including the number 1 slot which is now occupied by House Springs pushing last months’ #1, St Albans, to #2 and then at #3 is a new addition to the list, Rock Hill. Somewhat of a surprise, given all the recent events and bad press, is the fact that Ferguson, while it is on the list, is barely a buyers market coming in at a 29. Just 1 point higher for Ferguson (30) and we would consider it a balanced market not favoring buyers or sellers.
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