St. Louis Suburbs Better Than National Real Estate Market
Real estate agents in the Webster Groves and Kirkwood area are still upbeat about local real estate market conditions despite the media portrayal of the national housing market.
St. Louis was not as hard hit as other areas of the country (such as Florida and California), but the local market has seen a decline in the number of homes sold and shifted from a sellers’ market to a buyers’ market. Based on personal experience, the real estate agents see home sales down 5-20 percent locally, but noted that homes priced properly given the current market conditions were still selling in a reasonable amount of time.