It’s no surprise that buyer activity has continued strong this Fall. The market is trending to stay HOT even when the weather is cooling this year! You can expect speedy sales and multiple offers during this continued constrained supply of homes for sale. Check out a few of Septembers stats below.
|“New listings increased 9.3 percent for residential homes and 21.2 percent for townhouse/condo homes. Pending sales increased 21.4 percent for residential homes and 21.8 percent for townhouse/condo homes. Inventory decreased 32.8 percent for residential homes and 3.2 percent for townhouse/condo homes.|
Median sales price increased 19.5 percent to $245,000 for residential homes and 5.6 percent to $174,000 for townhouse/condo homes. Days on market decreased 20.9 percent for residential homes and 12.8 percent for townhouse/condo homes. Months supply of inventory decreased 33.3 percent for residential homes but remained flat for townhouse/condo homes.” – St. Louis REALTORS®
Mortgage rates remain near record lows and despite COVID-19, buyers and sellers are out in full force this fall, showing amazing resilience in the middle of a pandemic.
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