Hayley’s September 2019 Market Update

Stats from September are in and we saw a big uptick in pending sales. Limited inventory and low interest rates are making it a competitive market for buyers under $500,000 in the St. Louis area.  The luxury market, on the other hand, has ample inventory offering buyers a wide selection. The link below is a total market overview for our area. Key numbers to look at include months of inventory (less months of inventory creates a stronger sellers market), average days on market, and the list to sale price ratio at different price points and length on market. Check out the graph and see where your home would fall.

 Total Market Overview

I’m always happy to go over this in more detail if you’d like to setup a phone call or appointment. Whether you are looking to buy/sell in a week, a year, or just curious as to what the market is doing, I love to share my expertise.