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St Louis Home Prices And Sales Surge In May Time To Sell Drops

The St Louis real estate market continues to be a strong one and continues to favor sellers in many cases.  As the chart below illustrates, the median price per foot that homes sold for in May (green line) shot up in May to $133 from $129 the month before, a 3.1% increase from the month before and an increase of 6.4% from May 2017 when the price per foot was $125.  This increase in home prices didn’t seem to affect St Louis home sales, however, as there were 2,922 homes sold in May, an increase of 24.3% from the month before and an increase of 3.9% from May 2017 when there were 2,811 St Louis homes sold.  The time it took for a home to sell in St Louis hit a new low in May at 11 days, the lowest median time to sell that we’ve seen ever!


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St Louis 5-County Core Market – Home Prices, Sales & Days On Market – Past 2 Years

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St Louis 5-County Core Market - Home Prices, Sales & Days On Market - Past 2 Years

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