The Green Bars below represent the percentage of the list price for which the Saint Louis MO Metro properties sold in the respective month. The blue line represents average number of days on market for the properties. Clearly in 2011 the listings that were sold in the summer months generated a sale price closer to the asking price. Additionally the number of days on market went down during the same period.
An obvious conclusion would be to buy now if you are a buyer and to list in May if you are planning to sell. Unfortunately it’s really not quite that easy. While the numbers don’t lie you would need to take into the account other factors such as the quality of inventory, after all if most sellers don’t list until May then the buyers choices are limited but if the Buyer buys now there is less competition as there are fewer buyers in Winter and therefore less demand.
Ultimately it works out like this. If you are comfortable with your job and economic position then you should be looking at the low down payment and low interest mortgages that are currently available. Contact your financial advisor for more details.
