St Louis home prices have increased over the past year however at the same time St Louis home sales have declined. Spring is finally here (although as I write this I think the forecast is for a low of 28 degrees tonight) and there is definitely increased market activity. The inventory of homes for sale is down from this time last year, but the months supply is up due to decreased home sales. If home sales increase a little, suddenly the months supply is going to drop due to the low inventory and we will definitely see market pressure for price increases. Note the “if” at the beginning of the sentence though. Get complete information on the market you won’t find anywhere else with an investment of just 5 minutes of your time watching our market update video below.
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