Caroline Ragsdale is a native St. Louisan and a graduate of the University of Missouri-Columbia. She has a deep love and understanding of St. Louis and all the nuances of this city and the communities within. She brings over 15 years of sales, marketing and digital media having worked at top firms in both New York City to Chicago. 

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St. Louis County is anxious to capitalize on the low housing inventory and the low interest rate environment driving housing prices higher this past year. Although the appeal deadline is in July, the assessor is posting values on the Internet, and soon they should be sending out 2021 residential notices. Per statute, if the county raises a home value 15% or higher than the previous value (in 2019), the county is required to send a special notice in the form of a postcard asking the homeowner if they want an interior inspection performed. This protocol was in response to a change in the law when drive-by assessments were criticized many years ago.

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Short Supply

Tuesday, December 15th, 2020
Gladys Manion

It's a seller's market in St. Louis. Communities across the region are experiencing record low inventory. For St. Louis, limited housing stock is a persistent years-long issue. St. Louis has had a decline in months-supply of inventory dating back to 2005. The following graph outlines November's inventory expressed in the number of months it would take to sell all of the homes on the market for a sampling of communities over three years. As the availability of housing declines, there has been a jump in the median sales price, up 16% from this time last year. Now more than ever, this market requires an experienced agency representing buyers and sellers.

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