Posted on February 22, 2019 - 11:06 AM
by Mark Ottinger
Are home buyers being scared away by rising home prices and interest rates? Many home owners are thinking of moving, but not putting their homes on the market due to this fear. I know in St. Charles County, it's certainly not the case. The market is still holding strong. Take a look at the graph below. The median sales price is up again for the 5th year in a row, at $227,000.
The months of inventory on the market is still way below the norm of 5-6 months.
So, if you're thinking of selling, it's still a good time. The inventory is low and the buyers who were unable to find their next home last year are still out there in numbers looking!
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