2017 and another year of doubt for O’Fallon home sellers. Should you be putting your house on the market ? Is this the year your going to get top dollar for your house? As most sellers want and deserve! If you put your house on the market. You may be wondering if it is going to be quick sale? Or is it going to drag out for months and months? Only to have the you slash the price? To just get, for most home owners, their largest investment sold!
But wait! According to the latest stats from the MLS (Multiple Listing Service). Days on market for houses in O’Fallon have been slashed by almost 50% from this time last year, with prices increasing as well! Meaning sellers our getting exactly what they want. Top dollar for their house and a quick sale! So why could the housing market be in trouble in O’Fallon?
Past years performances. Many O’Fallon sellers have seen this before when the market took off for the first 3 or 4 months at the start of the year. Only to fizzle out shortly there after leaving sellers to wonder what to do. Being a leading real estate expert in the O’Fallon market. We have seen these hot starts before in O’Fallon, but unlike other agents, I think this has “legs” to keep going for sometime to come. Mainly because we are seeing good numbers across the board in the St. Louis and Metro East housing markets. Not just in one area our two. However a word of caution. As I wrote in my book, Ready Set Sold. All markets change in 3 months or sometimes less. Either for the good or the bad. So the clock is ticking.
If you own a home in the O’Fallon market and our even thinking about selling. You should be talking to your Realtor soon. If you do not have one. Our team would love to help. Now could very well be your time to make your move in order get a quick sale along with top dollar, for what many consider their largest asset. Their house.
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