Don’t shoot the messenger, but I have to tell you I’m not feeling quite as warm and fuzzy about the St Louis real estate market as I was a couple of months ago. In February, there were 1,623 homes sold in the 5-county core St Louis market, a decline of over 14% from February of last year when there were 1,898 homes sold. Also, 2014 is starting out sluggish with just 3,225 homes sold in the first two months, 14.5% less than this time last year when there were 3,774 homes sold. There are definitely encouraging things as well, such as mortgage delinquencies and foreclosures declining dramatically from a year ago which will help stabilize the market. 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.
Thinking of selling and want to know if your neighborhood is a seller’s market? Contact us and we’ll answer that question for you.
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