By Dennis Norman, on February 14th, 2017 While the bulk of the St Louis area spent most of the past year as a sellers market, real estate is very local and very seasonal, so there are still neighborhoods where buyers markets exist! So where are the buyers markets? Well, they are a constantly moving target due to the fluctuations I just mentioned, however, currently, as the list below illustrates, 6 of the top ten buyers market neighborhoods are in St Louis County, with the tony town of Frontenac at the top of the list where there exists a 23 month supply of homes for sale, two are in St Charles County, two in Jefferson County and none are from Franklin County or the City of St Louis.
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Continue reading “Top Ten Buyers Markets In St Louis“
By Dennis Norman, on December 19th, 2014 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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Continue reading “St Louis’ Best Buyer’s Market Neighborhoods“
By Dennis Norman, on November 17th, 2014 Over two-thirds of the 68 St Louis neighborhoods that we track favor sellers, according to our Market Action IndexTM, leaving 20 St Louis neighborhoods (32%) that are currently buyer’s markets. As the table below shows, the top buyers market in the St Louis area as of today is Saint Albans with a Market Action Index of 20, followed by House Springs with a 24. Our Market Action IndexTM looks at supply, demand and inventory for an area and then applies an index value to it based upon 30 begin a balanced market not favoring buyers or sellers. The farther the index goes below a “30” (down to a low of 0) the colder the market is and the more it favors buyers .
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Continue reading “St Louis’ 15 Top Buyer’s Market Neighborhoods“
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