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.