St. Louis Real Estate, real numbers
All over the St. Louis metro we’ve experienced warm winter temps and little-to-zero snow or ice, all of which has been great for the local housing market! Looking back to this time last year, the number of closings are up over 5% and homes are selling quickly, almost 10% faster.
Despite the market being what most would consider a “seller’s market”, prices remain mostly stable, only up 2.5% over recent years. So, is now the right time to buy?
Definitely! In fact, St. Louis housing affordability remains excellent, way better than the national average. In a recent report, it was stated that a person only needed an annual salary of $38,000 to afford a median priced home in the St. Louis region.
If you are considering purchasing a home, it is more important than ever to select a qualified realtor to help you navigate this market and negotiate competitively. Please call me at the number below with questions about the market or to start your home search!