Here is a market update for St Louis County.
Home sales in the county have been steadily increasing over the past 6 months. We had a huge surge of buyers and a lack of inventory around the March time frame. Since then inventory levels have increased and we are starting to see a more neutral balance. There are some hot spot area’s where a sellers market is clearly evident but for the most part the market is neutral.
What does this mean for you? If your a seller with an exceptionally updated home priced well you could possibly see a multiple offer situation with a sale price at or above your asking price. If your a buyer you need to call your Realtor as soon as a nice home comes on the market and see it the first day. You may not have until tomorrow to see that home, and you need to be willing to pay close to full price.