The St. Louis Spring market is in full swing with many homes selling with multiple offers and contingencies being waived. Buyers are paying a premium for homes that need little work and have modern updates. We are still way below pre-pandemic inventory levels which is causing a tight market.
Some areas are seeing more demand than others, but overall I would say the market is very strong right now.
The good news is inventory is slightly higher than 2022 and more homes are coming for sale each week. The more inventory we see in the market, the more balanced the market will become.
If you would like to speak about your specific real estate needs, I am always up for a cup of coffee!
- Hayley Tomazic