The West County real estate market in St. Louis is much like the fireworks from the 4th – Booming.
The real estate party is continuing to fire on all cylinders: Prices are increasing, time to sell a home is decreasing, temperature is rising (uh, wait a minute…)
More Money in Your Pocket
The average sale price has increased by 4.4% this month when compared to last month and are up by a modest 0.4% from June of 2016.
Less Time to Sell
Homes that sold in June were on the market 10 fewer days when compared to those that sold in May. (Imagine paying 10 fewer days worth of interest and taxes on a home you’re trying to sell!)
Sellers are Reaching for a Higher Sales Price
With the market being hot right now, homeowners who are trying to sell are trying to get more for their home by listing at a higher price.
And who can blame them.
