November’s housing market in St. Louis felt like a moment of recalibration, where both buyers and sellers paused to reassess their strategies. Homes lingered on the market longer, creating a sense of breathing room for buyers who’ve been navigating years of fast-paced sales. For those seeking townhomes and condos, the increased inventory opened doors to more options, though single-family homes experienced a slight pullback in pending sales, reflecting some hesitation in the market.
Affordability continues to anchor St. Louis’ appeal, even with mortgage rates hovering above 6%. This has nudged some buyers to the sidelines but created opportunities for those ready to act. Sellers now face a more discerning audience and must price competitively to capture attention. Meanwhile, the steady hand of our market, characterized by its affordability and Midwest charm, promises a continued slow and steady growth trajectory into 2025.
St. Louis remains a city where history meets opportunity—whether you’re drawn to the vibrant culture of downtown or the quiet comfort of the suburbs. As we prepare for 2025, if you’re considering buying or selling, let’s set a time to discuss your unique goals and how we can make them a reality in the new year. Together, we can navigate this evolving market and create the best strategy for your success.
- Hayley Tomazic
314-229-2009
