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St Louis Home Sales Decline In January

St. Louis home sales cooled off in January with 1,592 homes sold in the 5-county core St Louis real estate market (the city of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin), a decline of over 15 percent from January 2013 when there were 1,876 homes sold.  St Louis home prices, on the other hand, rose almost 12 percent (11.85%) from a median price of $115,000 in January 2013 to $129,625 in January 2014.  As the table below shows, all the St Louis core areas so a decline in home sales in January from a year ago with the exception of the city of St Louis and all saw increased home prices with the exception of Franklin County.

On a national level, existing home sales in January 2014 were down 3.4% from a year ago (not seasonally adjusted) and home prices, for the same period, increased 8.8%.

St. Louis home sales

2 comments to St Louis Home Sales Decline In January

  • Bill B

    When is a home considered “sold” per the article below? When a contract is put on it or at closing? Thank, Bill

    St Louis Home Sales Decline In January
    By Dennis Norman, on February 21st, 2014
    St. Louis home sales cooled off in January with 1,592 homes sold in the 5-county core St Louis real estate market (the city of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin), a decline of over 15 percent from January 2013 when there were 1,876 homes sold.

  • Dennis Norman

    Bill,
    For the purposes of this article homes that sold and closed were included, not pending sales.
    Thanks for reading!
    Dennis