There have been 21,164 homes sold in the St Louis Metro area during the first 7-months of this year which, as the STL Market Chart below illustrates, is a decline of 10.7% from the same time last year when there were 23,709 homes sold.
2022 home sales fairly consistent with 4 out of 5 prior years…
As I stated above, St Louis YTD home sales are lagging behind last year however, last years sales appear to be the market peak and the difference, as shown below, between current YTD sales and the years prior to last year is not as significant.
- Through July 2020, there were 21,344 homes sold in the St Louis MSA, less than 1% more than this year.
- Through July 2019, there were 21,702 homes sold in the St Louis MSA, 2.5% more than this year.
- Through July 2018, there were 22,095 homes sold in the St Louis MSA, 4.4% more than this year.
- Through July 2017, there were 21,994 homes sold in the St Louis MSA, 3.9% more than this year.
St Louis slowing home sales trend appears to increasing….
Below the chart is our STL Market Report for the St Louis metro area, which shows there were 40,171 homes sold during the 12-month period ended July 31, 2022, a decline of nearly 6.5% from the prior year. This, in contrast to the double-digit decline noted above for the most recent 7-months of that 12-month period indicates that the slowing home sales trend is increasing. We’ll get a lot more clearer picture of this in the next month or two as we see what happens in the economy, interest rates, etc.
YTD Home Sales – St Louis Market – Jan 2017 – July 2022
(click on chart for live, interactive chart)
STL Housing Market Report – St Louis MSA
(click on the report for current report)
