Did you know that fall is a great time to list your home for sale in the St. Louis real estate market? Our region has four distinct seasons and the weather is a huge help for getting folks out of their homes and in front of yours. But the weather isn’t the only reason.
In the fall families have returned from their summer vacations. The kids are back in school and on a normal routine again. This creates windows of opportunity for parents to search for homes.
Demand is still strong for homes in the current St. Louis and St. Charles County real estate market. There are more buyers looking for a home to buy than homes on the market. This also makes the fall market in St. Louis a sellers market.
There is less competition in the fall real estate marketplace. While many are sitting around waiting for spring to come again to list their home for sale, a wonderful opportunity exists now. With fewer homes for sale, there is less competition, and more eyes on your listing.
Serious buyers come out in the non-summer months. Homebuyers looking in the fall and winter months aren’t messing around. These buyers need a home, no matter the season and are ready to purchase. This means that you’ll have less people who are “just looking” and more that are interested in buying.
Interest rates are still very low. According to Freddie Mac, average mortgage rates for a 30-year mortgage are only 3.5 percent. With the knowledge that they could go up in the near future, those thinking of buying a home have an urgency to buy before the hike.
Also there are some homeowners who are just getting back above water on their current mortgage. Since home values have risen, the amount of equity held by homeowners has risen. This means that these homeowners now have the opportunity to sell and buy a bigger or smaller home that meets their needs.
Do you require more information on the real estate market in the St. Louis and St. Charles County areas of Missouri? Contact The Boehmer Team. We specialize in helping sellers, buyers and people who are relocating to our area. We offer staging and other advice to help you get the most money out of your home sale.