If you're looking to sell your home, now is the time.
Local realtors say St. Louis is among the nation's top real estate markets this year. When it comes to the hottest real estate markets, they say St. Louis now ranks second in the country, just after Providence.
Thanks to the real estate boom here, one home owner said she and her family can now move into the home of their dreams
"This is a great four plan, especially for a family," Jill Fischer said.
She has lived in her three bedroom home in O'Fallon, Missouri for 20 years
"This is where we've raised our family," Fisher said.
Though, the mother of three says now is the best time for her family to relocate from their starter home.
"I want to get back to my roots, I was born and raised in St. Paul and realized I wanted to get back," she said. Fischer said she and her husband listed their house late last week. Just four days later, they hosted an open house and were shocked by the response. More 75 people attended.
"We got really lucky and we accepted a contract within 24 hours," she said.
St. Louis Association of Realtors CEO John Gormley said Fischer's experience is far from uncommon.
"St. Louis is one of the hottest markets in the country right now," said Gormley.
Crestwood, Ballwin and Webster Groves are listed among the top places for home sellers.
For buyers, Gormley says the median sale price in March for St. Louis city and County combined is around $160,000; 10% higher than a year ago.
"Even though prices are rising, it's still very affordable," Gormley said.
Forty-seven percent of those home buyers in the area, he adds, are millennials.
"The Millennials love to go out to West County but they also like Downtown high-rise condo living, so there's just a great variety of housing stock," Gormley said.
For those looking to buy a home in St. Louis anytime soon, Gormley says you should act fast and have your credit lined up.
He also suggests hiring an area realtor who specializes in buyer's agency.
Source: http://www.ksdk.com/news/local/st-louis-named-top-two-real-estate-market-in-the-country/178187731
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