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St Louis Real Estate Market Update VIDEO – July 2019 – Still going strong!
The St Louis real estate market continues to show strength and favors sellers, however, buyers have shown they are price-sensitive.
While most of the St Louis market remains a seller’s market based upon the lack of inventory for sale, this does not mean (and the data backs it up) that it’s a blank check for sellers. Buyers in the market appear to be savvy and are price sensitive. In fact, one frustration I hear from agents with over-priced listings is that, not only do they only have few showings, they are not receiving offers. I think the issue is buyers don’t want to tie themselves up negotiating with a seller that, from the outset, seems unreasonable for fear that while tied up with them a real opportunity will come along and they will miss out. Therefore, for sellers to take full advantage of this seller’s market, they need to price their home appropriately from the start.
Find out more, as well as get information on some of St Louis’s best resources for home buyers and sellers in our just-released market update video. [xyz-ips snippet=”Market-Update-Video–Inline-Link”] [xyz-ips snippet=”Market-Update-Video-Package”] Comments are closed. |
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