West County - What’s the market like right now?
You’re probably hearing all over social media and the news that it’s no doubt a seller’s market - multiple offers, over asking sale prices, it’s do or die out there. But, then you’re also hearing that interest rates are going up, and if you’re going to buy a new home, you need to lock that in like yesterday. How do you even begin to make sense all of this, and decide what is best for you?
Well, let me be completely honest with you. It’s not THAT bad. I promise! I’ve been running numbers on the first quarter, and they speak for themselves. In the West County area, the average sale price is actually down in Q1 of 2017 vs Q1 in 2016. In fact, the average sale price is down a whopping 6%!
Inventory is lower, though, and houses are selling much faster than last year. Inventory is down 2% in 2017’s first quarter compared to first quarter in 2016, and houses are selling about 21% faster than last year at this time.
This is why it’s so important, now more than ever, to have an experienced Realtor representing you. Call me - let’s get started!