St. Louis home sellers are still in the driver’s seat this spring, as a lean supply of listings keeps buyers scrambling across both the city and county. Cash offers, inspection waivers and eye-popping bids that hit seven figures are back on the table, and some hopeful buyers are still losing out. Prices keep climbing, and many residents who might move feel stuck on the sidelines.
According to St. Louis Magazine, data from St. Louis REALTORS shows the city and county sitting at about a two-month supply of homes in March, with the median single-family sale price up roughly 10.7% year over year. The outlet also reported that pending single-family sales were down about 7.3%, condos lingered on the market for around 50 days compared with 37 days for single-family homes, and condo inventory rose about 4.4%.
Tight Inventory, Brutal Bidding Wars
Local agent Brian Elsesser told St. Louis Magazine about a Ladue client who threw down a $1.2 million cash offer and still…..