St Louis home prices increase from last year while U.S. home prices fall

dennis-norman-home-prices-realtorSt. Louis home prices are significantly outperforming other metro markets as evidenced by today’s release of the the S&P/Case-Shiller Index report for May 2012 which showed both the 10-city and 20-city composites, increased by 2.2 percent from the month before while St Louis home prices (see chart below) increased 9.6 percent from the month before.   On a year-over-year basis, both the 10-city and 20-city composites saw declines, 1.0 percent and 0.7 percent respectively while St. Louis home prices in May increased 3.4 percent from the year before.

St Louis Area Home Prices – May 2011 through May 2012

st-louis-home-prices

Chart above includes data from the City of St Louis and the Counties of St Louis, St Charles, Franklin and Jefferson.

U.S. Home Prices

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