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.
