The St. Louis metro area’s real estate market has demonstrated significant fluctuations in home sales over the past fifteen years, revealing interesting trends for both homebuyers and sellers. Analysis of the 12-month home sales data chart, exclusively available from MORE, REALTORS®, illustrates a series of peaks and troughs that correspond closely with various economic factors impacting the region. St Louis home sales fell to the lowest point during the 15-year period in June 2011 when the 12-month period had 23,194 sales. Since hitting that low home sales have steadily increased until the 12-month trend hit 43,689 sales for the period ended September 2021. Since hitting that high, the sales trend has steadily decreased, while interest rates have increased at the same time, and appears to have stabilized around the 32,000 homes mark or at least has stayed at the level for the past 8 months. The median price of homes sold during the same period went from $97 per foot when sales hit their low in June 2011 to $170 per foot in March 2024 reflecting an annual rate of increase of 6.43%.
12-Month Home Sales and Price Trend – Past 15 Years
(click on chart for live, interactive chart)
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