Monday Market Update: New Inventory

Here is the Monday morning market update. For our newer followers we do this every Monday and it consist of the homes that have come onto the market in the last week. If you need more information on any of these homes you can get more information at jbrinkmann.buyrealestatestlouis.com or call me at 314-277-2633. Have a great week!

Tuesday Market Update: Sold Homes Last Week

Here is the homes that have sold in the last week in the South County area. If you are curious what your neighbors home sold for you can find out here every week or go to jbrinkmann.buyrealestatestlouis.com. As always have a great week and let me help you with all of your South County real estate needs.

Monday Market Update: New Inventory

Here is the Monday morning market update. For our newer followers we do this every Monday and it consist of the homes that have come onto the market in the last week. If you need more information on any of these homes you can get more information at jbrinkmann.buyrealestatestlouis.com or call me at 314-277-2633. Have a great week!

Home values still rising in South County

As we close out 2013 the real estate market in South County continues to improve.  With the year coming to a close over $20,000,000 more real estate has been sold this year than last. We have not seen this volume of real estate sales in the South County area since the roaring market of 2007. The good news for homeowners is not only that more homes are selling but that the median price of the homes selling are up $5,000 over 2012. I think 2014 will bring steady price increases in homes and the market may really begin to take off in spring as the market is flooded with the inventory that the current buyer market has been waiting for.  For more information on your market and to search for homes click here: My neighborhood expert

 

Inventory levels are very low right now

Right now in the South County market the inventory of homes for sale is very low.  As far as homes currently for sale we are at the lowest level we have been in over 2 years.  Buyers are out looking at homes but there are not enough good homes on the market right now. As you can see in the graph below there are over 100 less homes on the market than were available even about a year ago at this time.  That means right now we have about 25% less inventory which is causing home prices to slowly rise.  We are seeing multiple offers in the first week on homes that are priced well and prepared to sell. When buying a home in this market you need to be prepared to move very quickly if you find a home you like because with the lower inventory if you do not someone else will.  If you are considering selling now is the perfect time with inventory being so low. For more information on what is happening in the market click here: My Market