Short Supply

It's a seller's market in St. Louis. Communities across the region are experiencing record low inventory. For St. Louis, limited housing stock is a persistent years-long issue. St. Louis has had a decline in months-supply of inventory dating back to 2005. The following graph outlines November's inventory expressed in the number of months it would take to sell all of the homes on the market for a sampling of communities over three years. As the availability of housing declines, there has been a jump in the median sales price, up 16% from this time last year. Now more than ever, this market requires an experienced agency representing buyers and sellers.