Whats ahead this spring? Supply is “in-balance”
Supply in St. Louis County has continually declined and remained relatively stable throughout 2013 with both a median and mode of four months of inventory. Four months is generally recognized as a “stable” supply level, however teeters on the cusp of a housing shortage. Sentiment around the industry seems to indicate that the market is poised for a busy spring which may result in increased demand and sales prices.