St Louis Home Prices and Sales Fall In January

St Louis home prices and home sales fell in January from the month before for the five-county core St Louis market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin).  In January 2014 there were 1,569 homes sold, down 29% from December and down 16.2% from January 2013 when there were 1,873 homes sold in the St Louis core area.  St Louis home prices for homes sold fell to $129,000 in January 2014 down from $141,000 the month before but up over 12% from a year ago when the median price of St Louis homes sold was $115,000.

I still believe the St Louis real estate market is in recovery mode and believe that the somewhat brutal winter weather we have experienced has played a part in the slowing pace of home sales and easing of prices.  Both St Louis home sales as well as St Louis home prices are expected to rise in the coming months as we head into what I expect to be a fairly robust spring market.

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St Louis Home Prices and Sales
Source: MARIS 

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