This time of year is quite typical to see a decline in activity for the housing market. Summer is over and we’re all getting ready for the holidays. But did you know, over the past year we have been able to notice a change in the buying behavior? According to Realtor.com®, Crestwood, MO was ranked “top 50 of the hottest zip codes across the country.” Way to go Crestwood! This is largely due to the demand from Millennials in this area. But with it also presents the challenge to find housing. Marc Levinson, President of St. Louis REALTORS®, explains millennials will “continue renting unless more Gen Xers decide to sell and entry-level home constructions picks up.”
We encourage our readers to reach out to our team in order to help educate and aid you through the home buying and selling process. Get in touch today!
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About St. Louis REALTORS® Housing Report St. Louis REALTORS® releases a housing report each month analyzing residential MLS sales data from the previous month with year-over-year comparisons. The data used in these reports is courtesy of MARIS (Mid America Regional Information Systems) Multiple Listing Service.
About St. Louis REALTORS® St. Louis REALTORS® is the voice of over 8,000 REALTORS® in the Greater St. Louis area. As one of the top 40 of over 1,100 local REALTOR® associations nationwide, St. Louis REALTORS® provides valuable tools to real estate professionals, successfully advocates for private property rights and unites REALTORS® in community projects.