When Do the Most Houses Go On the Market in St. Louis?
Savvy shoppers know when it’s the best time to shop for oranges, avocados and apples. But what about homes for sale? When do most houses go on the market in St. Louis?
What months seem to feature the largest supply of homes to look at? Is this the best time to shop or are prices inflated because competition for homes is increasing?
Will History Repeat Itself in 2018?
Real estate prognosticators and economists seem to be on the same page about 2018. It looks like we’ll face the same challenge in 2018 that we did in 2017 … lack of inventory.
Let’s look at when new homes came on the market in 2017 to get a possible indicator for what’s ahead in 2018. (Click the images to enlarge)
St. Louis County 2017: New Listings Coming on the Market Monthly
The peak months for new listings were in the Spring reaching a high in June and a low in December. This tends to be a repetitive cycle due to the types of buyers and their particular needs.
Families with school age children are the largest group of buyers during the Spring and Summer. Their goal is to find a home and get the kids settled into a new school during the summer in preparation for the coming school year.
St. Charles County 2017: New Listings Coming on the Market Monthly
St. Charles County is pretty much a reflection of the market activity in St. Louis County: Spring and Summer peaks gradually slowing down in the late Fall and Winter.
Understanding Real Estate Data and Trends to Help Manage Your Expectations
Do you have a flight plan for your home search? Finding and buying a home can be an emotional experience.
This is probably the most expensive and important purchase you will ever make and you want to get it right.
Most of us when we travel never even think about what’s going on behind the scenes. The pilot has to submit a flight plan and know what kind of weather and turbulence his plane will be facing on the journey ahead. Shouldn’t you do the same in your search for a home? Knowing the weather/market you’ll be heading into in advance, will help you manage your expectations.
Check out a couple of navigational tools in the articles below:
The Current Supply of Homes in St. Louis
Millennial’s Guide to Home Ownership
Biggest First Time Buyer Mistakes
How to Monitor and Evaluate a Specific Zip Code Area for Home Values
Who We Are and What We Can Do for You
How to Find Coming Soon Properties