Is Now the Time to Buy or Sell? Understanding the Current Real Estate Market in St. Robert MO
Are you one of the many people who have been hesitant to jump into the Real Estate market?
With all the moving parts and constantly changing statistics, it's no surprise that you may be feeling overwhelmed.
You don't have to go at it alone, our team at Matt Smith Real Estate Group is here to help!
Your dream of homeownership or selling your home for top dollar is still within reach. In fact, now may be the perfect time to make your move.
As experts in the local housing market, at Matt Smith Real Estate Group keep a close eye on the stats that matter most in the area of St. Robert, MO. Let's take a look at the numbers from the last 30 days:
1️⃣ Number of homes on the market
Last month, there were 102 homes on the market, and this month there are 88 homes.
2️⃣ Average sales price
Last month, the average sales price was $181,000. This month, it increased significantly to $204,000.
3️⃣ Number of homes sold
Last month, there were 57 homes sold, and this month it's increased to 68 homes.
4️⃣ List price versus sales price
This number remains constant throughout most of the year at around 100 percent.
What do these stats mean for you? 🤔
The spring market is here and activity is on the rise. 📈
If you're in the market to buy or sell, now is a great time to meet with a real estate professional.
👉 Now, let's talk about interest rates - a huge concern for many buyers and sellers.
While the current rate sits around 6.5 to 7% daily it's important to note that they are adjusting daily.
But don't let that discourage you!
Many mortgage lenders have created programs to help increase your buying power, and some can even reduce your rate by 3% for the first year.
The bottom line is, don't let interest rates hold you back from achieving your dream of homeownership or selling your home.
Work with a team of real estate professionals, like us at Matt Smith Real Estate Group, who have your best interests at heart.
We are the #1 real estate team in Missouri and #8 in the Nation. We focus on marketing, tools, and resources to ensure that you have the best possible real estate experience.
Don't wait - the market is ripe with opportunity!💲