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Frustrated Sellers and Low-Ball Buyers!
     Like most areas of the country where the Real Estate market is declining, the Wildwood, Mo area is no different!  However, homes are still selling and decline in St. Louis for the next year is fore-casted to be about 1.8% - much less than other areas of the country.  The days on market is increasing slightly and buyers are low-balling everything in site!  While this is frustrating to sellers who have great homes, it happens to be what is happening in the market.  Since there is more of a selection to choose from, if buyers don't get the price they want (often below what the seller's paid in the past couple of years) - then guess what - the buyer's just move on to something else.  What a frustration also to agents who can't get the buyer and seller to come to terms and who often write several offers because the buyer's are looking for the greatest deal. This is what our current market looks like for the past 6 months: (Rockwood School District - Wildwood, Grover, Glencoe)
Active Listings - on the market with no offer: 259 ranging in price form $157,00 to $2,595,000
Contingent - an offer but contingent on some other factor: 14 ranging ... more

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