Staying Hot in a Cooling Real Estate Market

St. Louis Cooling Seller's Market

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ST. LOUIS REAL ESTATE TIPS

According to the St. Louis Real Estate News the St. Louis market is cooling off a bit. Not too surprising since we are moving into fall.

That said, St. Louis County is still considered a “hot sellers’ market” and the city is considered a “sellers’ market”. Franklin, Jefferson and St. Charles counties are considered “cooling sellers’ markets”.

Basically, what this means is if you have a listing in one of these slowing markets you might want to consider a price reduction, if appropriate, to help get it sold before the market cools even more as fall and winter descend.

Of course, prices will rise again in the spring.

Historically, the real estate market is seasonal–agents and sellers love the spring and summer, buyers love the fall and winter! The good news is that overall the St. Louis real estate market is still strong. Aiding in the strength are reports such as the Glassdoor’s 25 Best Cities for Jobs which ranks St. Louis #5. The rankings are based on the metro area’s median pay, median home value, job satisfaction, number of current job openings and population. A great showing for STL.

You can reach Brad at 314-302-0592 or email us at info@theblankenshipteam.com.