As we move through September and October 2024, the St. Louis market is seeing a pulse of renewed buyer activity, a welcome change from the summer slowdown. Homes that are priced right are selling, but we’re also noticing a fair share of price reductions, signaling that sellers are having to get realistic about current market conditions. Rates have ticked up from the 24-month lows we saw not too long ago, adding another layer of caution for buyers. Yet, those who’ve been waiting on the sidelines are starting to dip their toes back in, especially as inventory offers a few more options than we saw earlier this year. It’s still a market where the right pricing strategy is key, and buyers are jumping at opportunities when they see value. St. Louis is finding its rhythm again, and while it’s not a frenzy, there’s a steady beat keeping things moving forward.
- Hayley Tomazic
314-229-2009
