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St Louis Home Sales Drop to Lowest YTD Level Since 2012

By , on September 17th, 2024
As of August 2024, year-to-date (YTD) home sales in St. Louis have reached 20,885, marking the lowest YTD level since August 2012, when sales were at 19,181. This represents a significant decline compared to more recent years, reflecting a slowdown in the real estate market. Various factors, including rising interest rates and affordability challenges, have contributed to this dip, and it’s clear that buyers are feeling the pressure.

This decline is even more striking when compared to the peak years, such as 2021, where YTD sales in August reached over 27,900. This downward trend indicates that we may be entering a new phase in the market where inventory challenges and buyer hesitancy could continue to play a significant role.  Stay tuned here on St Louis Real Estate News to keep an eye on these trends, as they signal further shifts in the months ahead.

At MORE, REALTORS®, we give our agents an edge with proprietary software and access to over two decades of St. Louis housing data. This combination allows our team to truly know the market better than others and apply that knowledge to benefit buyers, sellers, and investors. Whether you’re looking for your next home or your next great investment, were here to guide you every step of the way.


St Louis MSA YTD Home Sales – Past 15 Years (Chart)

(click on chart for live, interactive chart)

St Louis Home Sales Trend Chart

 

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