If you’re in the market to buy a house, you’re best off scouting the area in and around Troy or the Metro East. If you’re looking to sell your home, you’re in good shape if you live in St. Charles County.
That’s according to research released Wednesday by Zillow, which published its spring analysis of buyers’ and sellers’ bargaining power in housing markets.
The top five markets in the St. Louis area for buyers (in order) are: Troy, Granite City, Belleville, University City and Collinsville.
Zillow’s analysis notes that a sellers’ market isn’t necessarily one where home values are rising, but one where homes sell quickly at prices very close to (or greater than) their listing price. Similarly, in buyers’ markets, homes are on the market longer, price cuts occur more frequently and sell for less than their asking price
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