Fenton had a great July with home sales! Overall there were 59 home sales and over $13,000,000 in volume sold. Add to it that the average days on market was 60 (in line with St Louis County) and sellers really had a great month. Our current months of inventory is around 3 months so there is a sellers market at play in Fenton. Buyers need to be ready to pay near asking price and willing to write an offer within hours of seeing a home or there is a good chance that home will be sold.
August should still be a good month for buyers and sellers, we will see a slight pullback in inventory due to the school season starting up but rest assured the few months ahead should bring good numbers for everyone involved.