Where are the buyers markets in St Louis?

With all the talk lately about many St Louis neighborhoods going from the doldrums to a sellers market many would-be home buyers (and investors) are asking where are the buyers markets are in St Louis?  The are looking for the areas where the opportunity still exists to negotiate a better deal and not have to worry about getting caught in a multiple offer situation like we are seeing in some of the hotter markets today.  While the upside to a buyer’s market is less competition and perhaps a better price, the downside is there is a reason it’s a buyers market and that could mean your “good price” may not look so good 6 months or a year from now or, if you do time it right, then it may.

The perfect resource for finding a buyer’s market is our Market Action Index^TM which looks at market forces, primarily supply and demand, and then assigns the market a value.  Our index runs from 0 to 60 with a 30 being a balanced market.  As the index goes above 30, the higher it goes the hotter the market is and the more of a seller’s market it is.  The lower the score goes below 30 the colder the market is and the more of a buyers market it is.  It’s important to note, that our index has nothing to do with price, so it may be a seller’s market but prices may be flat or even falling, and it could be a buyers market and prices could be rising.

The table below is real-time, meaning it will change as the data changes, but at the time I am writing this, there are only 11 St Louis markets we would consider a buyers market and many of them are not that far into buyer’s market territory.  At the top of the list is the 63122 zip area of Des Peres, with a 22.

(We work hard on this and sure would appreciate a “Like”)[iframe http://www.facebook.com/plugins/like.php?href=https%3A%2F%2Fwww.facebook.com%2FStLouisRealEstateNews&send=false&layout=standard&width=50&show_faces=false&font&colorscheme=light&action=like&height=35&appId=537283152977556 100 35 ][iframe http://www.facebook.com/plugins/like.php?href=https%3A%2F%2Fwww.facebook.com%2FStLouisRealEstateNews&send=false&layout=standard&width=50&show_faces=false&font&colorscheme=light&action=like&height=35&appId=537283152977556 100 35 ][iframe http://dennisnorman.com/hot_zips/cold_zips_table.php 580 900 ]